City North Market — Sale in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Phoenix, AZ 85054

Description

Sprouts HQ anchored high-end retail development steps from high street. City North Market is a groundbreaking mixed-use development by Trammell Crow Company, set to transform the Desert Ridge neighborhood. This highly desirable location will feature Sprouts’ brand new 130,000 SF corporate headquarters and the retail center will be anchored by a new Sprouts Farmers Market. The development offers convenient access off the Loop 101 and boasts a signaled intersection at the main entrance.

Market Context

This retail in Phoenix, AZ is listed for sale. It has been on the market for 140 days. Compare it against other retail listings for sale in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Phoenix retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

Estimated Market Rate

$93.79/SF – $126.89/SF

Mid: $110.34/SF

Rate estimator only; cost-of-business estimate unavailable.

Contact

Explore this market

Similar Retail Business for Sale in Phoenix, AZ