Industrial-Flex Space for Sublease in Tempe — Lease in Tempe, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Tempe, AZ 85284

Description

Industrial | For Sublease: 6,867 SF Industrial/flex space for sublease in 1231 West Warner Road in Tempe, Arizona. Suite 103 is available, consisting of ±6,867 square feet. Lease rate is $1.09 per square foot, NNN. Key Facts Lease Rate: $1.09 PSF, NNN Suite 103: ±6,867 SF Parking Ratio: 5/1,000 Clear Height: 18’ Year Built: 2001

Market Context

This industrial in Tempe, AZ is listed for lease. It has been on the market for 176 days. Compare it against other industrial listings for lease in Tempe, AZ — view the full market.

As of Q1 2026, the Phoenix industrial market showed an 11.9% vacancy rate, average asking rents near $13.08/SF/yr, and rents up 14.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Phoenix industrial market tightening or softening?
Vacancy is around 11.9%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.06/SF/mo – $1.44/SF/mo

Mid: $1.25/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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