Commercial Real Estate & Businesses in Phoenix, AZ

Find 409 commercial real estate and business listings for sale and lease in Phoenix, Arizona. Browse office, retail, industrial and investment properties.

409 listings available

Market Brief

CREhunt currently has 409 commercial listings for sale in Phoenix, AZ. Asking prices run typically around $1.7M, with most between $225K and $4.1M across 31 publicly priced listings. The typical space is about 40,226 SF.

Phoenix, AZ Market Report · Q2 2026

4 of 4 sectors reporting

Vacancy is reported for 4 of 4 sectors: office at 23.35%, industrial at 11.4%, retail at 4.5%, multifamily at 0.8%.

Asking rents: office at $31.67/SF/yr, industrial at $13.62/SF/yr, retail at $21.36/SF/yr.

Supply and absorption

Industrial in Phoenix: Lee & Associates reported 15.9M SF under construction in Q1 2026; Matthews reported 1.7M SF delivered and net absorption of 6.2M SF in Q1 2026.

Office in Phoenix: Newmark reported net absorption of 167K SF in Q2 2026; Cushman & Wakefield reported 144K SF under construction and 250K SF delivered in Q1 2026.

Retail in Phoenix: Cushman & Wakefield reported 769K SF under construction, 1.1M SF delivered and net absorption of -23K SF in Q1 2026.

Submarkets

Within Phoenix's industrial market, Lee & Associates reported submarket vacancy in Q1 2026: Northeast Valley at 7.2%; Northwest Valley at 16.1%; Sky Harbor Airport at 7.6%.

Within Phoenix's multifamily market, Cushman & Wakefield reported submarket vacancy in Q1 2026: Camelback at 9%; Chandler at 6.8% against 7% previously; Deer Valley at 13.5%.

Within Phoenix's office market, CBRE reported submarket vacancy in Q1 2026: Camelback / Piestewa Peak at 18.1%; CBD at 27.7%; Northeast Valley / Scottsdale at 16.1%.

Within Phoenix's retail market, Cushman & Wakefield reported submarket vacancy in Q1 2026: CBD at 5.7%; East Phoenix at 2.2%; Mesa at 9.2%.

Coverage and sources

Figures are drawn from quarterly market reports published by Avison Young, CBRE, Colliers and Cushman & Wakefield.

Sector	Vacancy	Asking rent	YoY rent	Cap rate	Period
Office	23.35%	$31.67/SF/yr	+2.2%	Not reported	Q2 2026
Industrial	11.4%	$13.62/SF/yr	+2.8%	Not reported	Q2 2026
Retail	4.5%	$21.36/SF/yr	Not reported	Not reported	Q2 2026
Multifamily	0.8%	Not reported	Not reported	Not reported	Q2 2026

Market figures are drawn from published brokerage quarterlies covering the Phoenix metro (Cushman & Wakefield and multiple brokerages). Figures are reproduced as reported and are never converted between $/SF and $/unit.

Frequently asked questions

How many commercial listings are available in Phoenix, AZ?

CREhunt currently tracks 409 commercial real estate and business listings in Phoenix, AZ. Asking prices are typically around $1,700,000.

What is the fastest way to find relevant listings in Phoenix, AZ?

With 409 active listings, Phoenix, AZ is deep enough that an unfiltered scan buries the relevant comparables — filter by asset type and budget first, then rank what survives on space and condition.

Should I browse Phoenix, AZ by property type or review everything?

Lead with property type. Location is already fixed at this level, and in a market the size of Phoenix, AZ asset type is what narrows 409 listings to a workable shortlist.

What should I check before contacting a broker in Phoenix, AZ?

Compare each listing against the Phoenix, AZ typical asking price of $1,700,000, confirm available space and asset type, and note anything that explains a gap either way before you contact the broker.