The Reserve at Papago — Lease in Tempe, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Tempe, AZ 85288

Description

Full-diamond Interchange at Priest and Loop 202 Freeway Adjacent to Light Rail Stop Connected to Sky Harbor Airport via Metro Light Rail Located Across Tempe Town Lake from Arizona State University Situated in the Prestigious Papago Park Center in Tempe

Market Context

This office in Tempe, AZ is listed for lease. It has been on the market for 53 days. Compare it against other office listings for lease in Tempe, 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

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

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

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