Workspace Tempe — Lease in Tempe, AZ
- Price: Contact for price
- Listing type: For lease
- Asset type: Industrial Property
- Location: Tempe, AZ 85281
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Description
Flex Business Park
Market Context
This industrial in Tempe, AZ is listed for lease. Compare it against other industrial listings for lease in Tempe, AZ — view the full market.
As of Q2 2026, the Phoenix industrial market showed an 11.4% vacancy rate, average asking rents near $13.62/SF/yr, and rents up 2.8% year over year. Source: multiple brokerage reports, Q2 2026.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Industrial market FAQ
- Is the Phoenix industrial market tightening or softening?
- Vacancy is around 11.4%, with asking rents rising year over year (Q2 2026).
Estimated Market Rate
$1.07/SF/mo – $1.45/SF/mo
Mid: $1.26/SF/mo
Based on comparable properties in similar markets rather than local sales.
Contact
- Andrew Brigham · (602)735-5678 · andrew.brigham@cbre.com
- Jamie Swirtz · 602-735-5630 · jamie.swirtz@cbre.com
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