Mercy Gilbert III — Lease in Gilbert, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Gilbert, AZ 85297

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Description

Medical Office for Lease Mercy Gilbert III is a ±45,000 SF Class A, state-of-the-art medical office building, designed to meet the needs of both healthcare providers and their patients. It offers advanced infrastructure with specialized HVAC systems, high-speed internet, and robust electrical support for medical equipment.

Market Context

This office in Gilbert, AZ is listed for lease. Compare it against other office listings for lease in Gilbert, 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.

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