The Watermark — Lease in Tempe, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Tempe, AZ
  • Size: 265,000 SF
  • Year built: 2020

Description

Market Context

This office in Tempe, AZ is listed for lease across 265,000 SF. The building dates to 2020. It has been on the market for 113 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.

Contact

  • Brad Anderson
  • Michael Strittmatter

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