Industrial Warehouse for Sublease in Downtown Phoenix — Lease in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85034

Description

Industrial | For Sublease: 77,912 SF Industrial warehouse for sublease at 824 East University Drive in Phoenix. Building consists of ±77,912 square feet on ±3.9 acres.Sublease rate is $0.60 per square foot per month, NNN. M Key Facts Sublease Rate: $0.60 PSF/month, NNN Master Lease Expiration: 3/31/2027 Building Size: ±77,912 SF Site Area: ±3.9 acres Office Size: ±5,000 SF Ceiling Height: 24 ft. Column Spacing: 40 ft. x 44 ft. Zoning: A-2, city of Phoenix Dock High: Five (5) doors Grade Level: Three (3) ramps to grade level Power: 800amps 277-480v 3p Parking: 1.04/1,000

Market Context

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