Tempe, AZ Retail Space for Lease

Search 75 retail listings in Tempe, AZ and find helpful local stats in the Market Overview section below.

Rural & Warner

8770 S Rural, Sandahl, Tempe, AZ
Property

Retail

27,000 SF
Availability

3 Spaces

22,500 SF
For Lease Contact for pricing
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Hudson on Farmer

707 S Farmer Ave, Peterson Park, Tempe, AZ
Property

Retail

1 SF
Availability

1 Space

4,400 SF
For Lease Contact for pricing
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1706, 1720 & 1730 East Warner Road

1706 East Warner Road, Sandahl, Tempe, AZ
Property

Retail

31,736 SF
Availability

2 Spaces

4,683 SF
Year Built

1986
For Lease

$24.00/SF/YR
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Cornerstone Retail, LLC

705 S Rural Rd, Hughes Acres, Tempe, AZ
Property

Retail

116,628 SF
Availability

1 Space

2,600 SF
For Lease Contact for pricing
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7420-7530 S Rural Road

7420-7530 S Rural Road, Bell de Mar Crossing, Tempe, AZ
Property

Retail

32,400 SF
Availability

4 Spaces

8,670 SF
Year Built

1999
For Lease Contact for pricing
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Warner Ranch Plaza

9900 S Rural Rd, Warner Ranch, Tempe, AZ
Property

Retail

155,489 SF
Availability

2 Spaces

3,204 SF
Year Built

1994
For Lease Contact for pricing
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University 101 Shoppes

2155 East University Drive, Hughes Acres, Tempe, AZ
Property

Retail

43,564 SF
Availability

3 Spaces

9,252 SF
Year Built

1986
For Lease Contact for pricing
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Southern Palms Shopping Center

3136 South McClintock Drive, Hughes Acres, Tempe, AZ
Property

Retail

210,273 SF
Availability

1 Space

2,020 SF
Year Built

1981
For Lease Contact for pricing
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1335 W University Dr

1335 W University Dr, Peterson Park, Tempe, AZ
Property

Retail

15,300 SF
Availability

1 Space

1,200 SF
Year Built

1985
For Lease Contact for pricing
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1845 East Broadway Road

1845 East Broadway Road, Shalimar, Tempe, AZ
Property

Retail

36,432 SF
Availability

1 Space

2,350 SF
Year Built

1995
For Lease Contact for pricing
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Priest Dr & Warner Rd

Priest Dr & Warner Rd, Sandahl, Tempe, AZ
Property

Retail

7,380 SF
Availability

2 Spaces

4,200 SF
For Lease Contact for pricing
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Rio Salado Courtyard

1290 North Scottsdale Road, Rio, Tempe, AZ
Property

Retail

58,062 SF
Availability

5 Spaces

15,601 SF
Year Built

1987
For Lease

$11.00/SF/YR
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The Groves - 1020-1180 West Elliot Road

1050 West Elliot Road, Pepperwood, Tempe, AZ
Property

Retail

171,585 SF
Availability

1 Space

1,386 SF
Year Built

1995
For Lease

$32.00/SF/YR
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Broadway Marketplace

917 East Broadway Road, Hughes Acres, Tempe, AZ
Property

Retail

82,757 SF
Availability

3 Spaces

4,415 SF
Year Built

1967
For Lease Contact for pricing
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College Park Center

5150 South Rural Road, Tempe Gardens, Tempe, AZ
Property

Retail

62,285 SF
Availability

4 Spaces

4,600 SF
Year Built

1974
For Lease Contact for pricing
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55th St & Broadway Rd

55th St & Broadway Rd, Peterson Park, Tempe, AZ
Property

Retail

1,277 SF
Availability

1 Space

1,277 SF
For Lease Contact for pricing
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University Square

215 West University Drive, Peterson Park, Tempe, AZ
Property

Retail

38,652 SF
Availability

2 Spaces

2,994 SF
Year Built

1971
For Lease

$1.58/SF/MO
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Park Place-1135 E Apache Boulevard

1135 E Apache Boulevard, Hughes Acres, Tempe, AZ
Property

Retail

9,073 SF
Availability

2 Spaces

3,106 SF
Year Built

2020
For Lease

$24.00 - $27.00/SF/YR
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8830 S Kyrene Rd

8830 S Kyrene Rd, Warner Ranch, Tempe, AZ
Property

Retail

11,645 SF
Availability

4 Spaces

6,501 SF
For Lease

$18.00/SF/YR
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6485 S Rural Rd

6485 S Rural Rd, Bell de Mar Crossing, Tempe, AZ
Property

Retail

3,600 SF
Availability

1 Space

3,600 SF
For Lease

$4,800.00/MO
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Retail Space Rents in Tempe, 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 Tempe asks $19.13 per square foot.

Retail Space Lease Types in Tempe, AZ

The most common type of lease agreement you’ll find here is NNN, with 29 space(s) available under this type of arrangement. The local market is also home to 4 retail space(s) offered under a Full Service lease agreement type, and 3 Modified Gross listing(s).

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

NNN 29
Full Service 4
Modified Gross 3

Average Size of Retail Space for Lease in Tempe, AZ

The average size for this type of rental opportunity in Tempe is 1,000 sqft to 2,500 sqft. Currently, the local market offers 95 listing(s) within that size range. You can also search 38 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 Tempe, AZ

Retail space in Tempe 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 Restaurant and you can find 4 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 3,634 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.

The local market is also home to 3 space(s) listed as Street Retail. The average size you can expect to find for this category is 15,777 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.

What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 6,500 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Tempe, AZ, by Use Type

Restaurant

4

Street Retail

3

Freestanding

1

Average Retail Listing Size in Tempe, AZ, by Use Type

Restaurant

3,634 sq. ft.

Street Retail

15,777 sq. ft.

Freestanding

6,500 sq. ft.

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 Tempe, 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.

Hughes Acres is your top choice for lease opportunities, as it is currently home to the highest number of listings — 48 retail space(s). The most popular space type here is Restaurant. You can find 2 such listing(s) here.

Tempe’s second most popular area is Bell de Mar Crossing, where you can find 30 retail listing(s).

Peterson Park is also among the best areas to search for your next commercial space. Here you can find 21 retail space(s) available for consideration by prospective tenants.

Top Locations to Lease Retail Space in Tempe, AZ

Hughes Acres

48

Bell de Mar Crossing

30

Peterson Park

21

Sandahl

18

Rio

14

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 Tempe real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 1.19% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Tempe, AZ

LEED Gold

1

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

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