Phoenix, AZ Retail Space for Lease

Search 283 retail listings in Phoenix, AZ and find helpful local stats in the Market Overview section below.

16th St & Roosevelt

915 N 16th St, Central City, Phoenix, AZ
Property

Retail

13,115 SF
Availability

2 Spaces

2,500 SF
For Lease

$15.00/SF/YR
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MCDOWELL PLAZA

NEC 44th Street & McDowell Road, Camelback East, Phoenix, AZ
Property

Retail

3,967 SF
Availability

3 Spaces

3,967 SF
For Lease Contact for pricing
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Southern 19 Plaza

1717 West Southern Avenue, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

17,191 SF
Availability

2 Spaces

2,600 SF
Year Built

2009
For Lease

$16.00/SF/YR
View Details (opens in new window)

Retail Space Rents in Phoenix, AZ

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Phoenix asks $19.62 per square foot.

Retail Space Lease Types in Phoenix, AZ

The most common type of lease agreement you’ll find here is NNN, with 117 space(s) available under this type of arrangement. The local market is also home to 20 retail space(s) offered under a Modified Gross lease agreement type, and 12 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Phoenix, AZ

NNN 117
Modified Gross 20
Full Service 12

Average Size of Retail Space for Lease in Phoenix, AZ

The average size for this type of rental opportunity in Phoenix is 1,000 sqft to 2,500 sqft. Currently, the local market offers 287 listing(s) within that size range. You can also search 127 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Phoenix, AZ

Retail space in Phoenix comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 31 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 2,213 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

The local market is also home to 21 space(s) listed as Restaurant. The average size you can expect to find for this category is 3,985 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Phoenix, AZ

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Alhambra is your top choice for lease opportunities, as it is currently home to the highest number of listings — 90 retail space(s). The most popular space type here is Restaurant. You can find 3 such listing(s) here.

Phoenix’s second most popular area is Deer Valley Village, where you can find 81 retail listing(s). The most likely type of space you can rent here is Street Retail. If this is the kind of property you are looking for, you will find 6 listing(s) available here.

Maryvale is also among the best areas to search for your next commercial space. Here you can find 70 retail space(s) available for consideration by prospective tenants, of which 3 are Restaurant.

Top Locations to Lease Retail Space in Phoenix, AZ

Alhambra

Deer Valley Village

Maryvale

North Mountain Village

Paradise Valley Village

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Phoenix real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 0.29% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Phoenix, AZ

LEED Silver

Data based on retail spaces listed for rent on CommercialSearch.com

Recent Retail Market News

RED Development Adds Tenants at Phoenix Retail Center

Plans also call for a new mixed-use component and upgrades.

Construction Begins on $100M Phoenix-Area Project

Northside at SanTan Village will feature retail and restaurant concepts that are unique to the area.

Haagen Lands Refi for Phoenix Retail Asset

Gantry secured the 20-year, fixed-rate loan.

Diversified Partners Secures 2 Retail Leasing Assignments in Phoenix

Palmer Development Group is building the two adjacent properties.

Mack Real Estate to Develop 2,300 Acres Near Phoenix

Plans call for a $7 billion master-planned development in the North Valley.

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Phoenix, AZ Retail Space for Lease

16th St & Roosevelt

MCDOWELL PLAZA

Southern 19 Plaza

Retail Space Rents in Phoenix, AZ

Retail Space Lease Types in Phoenix, AZ

Most Common Type of Lease for Retail Buildings in Phoenix, AZ

Average Size of Retail Space for Lease in Phoenix, AZ

Retail Space Types You Can Lease in Phoenix, AZ

Top Locations to Lease Retail Space in Phoenix, AZ

Top Locations to Lease Retail Space in Phoenix, AZ

Key Factors to Consider When Choosing a Retail Space for Lease

Distribution of LEED-Certified Retail Properties in Phoenix, AZ

Other Popular Searches

Popular Commercial Searches

Recent Retail Market News

RED Development Adds Tenants at Phoenix Retail Center

Construction Begins on $100M Phoenix-Area Project

Haagen Lands Refi for Phoenix Retail Asset

Diversified Partners Secures 2 Retail Leasing Assignments in Phoenix

Mack Real Estate to Develop 2,300 Acres Near Phoenix

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