Portales Corporate Center I — Lease in Scottsdale, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Scottsdale, AZ 85251
  • Size: 274,100 SF
  • Year built: 1999

Description

Market Context

This office in Scottsdale, AZ is listed for lease across 274,100 SF. The building dates to 1999. It has been on the market for 114 days. Compare it against other office listings for lease in Scottsdale, AZ — view the full market.

As of Q1 2026, the Phoenix office market showed cap rates around 7.2%. Source: multiple brokerage reports, Q1 2026.

Office market FAQ

What is the typical cap rate for office in Phoenix?
About 7.2% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$2.85/SF/mo – $3.85/SF/mo

Mid: $3.35/SF/mo

Estimated total for 274,100 SF: $918,235 per month

Cost-of-business estimate only; rate estimator unavailable.

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

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