The Circuit — 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

Now Available for Lease, Office, The Circuit located at 615 S River Dr. Available square footage 44,603 SF. Please contact us for further information.

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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