Papago Gateway Center — Lease in Tempe, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Tempe, AZ 85281

Photos

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Description

Papago Gateway at 350 W Washington Street offers Class A office and life science space in one of Tempe's most prominent business locations. Positioned at the gateway to Tempe near Mill Avenue and Washington Street, the property provides exceptional access to Arizona State University, Papago Park, Downtown Tempe, and Phoenix Sky Harbor International Airport. Its central location also offers convenient connectivity to the region's major freeway network, supporting employees, visitors, and corporate operations throughout the Phoenix metropolitan area.

Market Context

This office in Tempe, AZ is listed for lease. Compare it against other office listings for lease in Tempe, AZ — view the full market.

As of Q2 2026, the Phoenix office market showed a 23.4% vacancy rate, average asking rents near $31.67/SF/yr, and rents up 2.2% year over year. Source: multiple brokerage reports, Q2 2026.

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

Office market FAQ

Is the Phoenix office market tightening or softening?
Vacancy is around 23.4%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$2.36/SF/mo – $3.21/SF/mo

Mid: $2.79/SF/mo

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

First seen on CREHunt: Aug 23, 2026

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