{
  "url": "https://classa.info/cities/phoenix",
  "title": "Phoenix Class A Office Market",
  "description": "Sunbelt growth metro with semiconductor inflows and a deep suburban trophy tier.",
  "oneSentenceAnswer": "Phoenix Class A office rents around $34/sqft/yr, with 23.4% vacancy and 12 months of typical rent-free on a 7-year term.",
  "tldr": [
    "TSMC's north Phoenix fab cluster anchors a multi-decade semiconductor demand pipeline.",
    "Camelback Corridor is the deepest trophy submarket; Tempe Town Lake is the principal mid-rise Class A frontier.",
    "Vacancy north of 23% reflects deep Class B and Sun Corridor overhang.",
    "No Arizona state income tax for individuals; corporate rate is 4.9%."
  ],
  "keyFacts": {
    "city": "Phoenix",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$34/sqft/yr",
    "classARentUsd": "$34/sqft/yr",
    "vacancyPct": "23.4%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 12,
    "submarkets": 5,
    "corporateTaxPct": "26%",
    "talentIndex": 74
  },
  "faqs": [
    {
      "question": "What is TSMC's impact on the office market?",
      "answer": "Material. TSMC's $65bn fab investment in north Phoenix is anchoring a wave of supplier and engineering demand, plus federal CHIPS Act-tied tenancy. Effects compound through 2030."
    },
    {
      "question": "How is the suburban trophy tier performing?",
      "answer": "Camelback Corridor and Tempe Town Lake trophy product remain tight. Sun Corridor / Chandler / Gilbert mid-rise Class A is more variable."
    },
    {
      "question": "Is Downtown Phoenix viable for Class A?",
      "answer": "Yes — Block 23 and the CityScape cluster anchor a small but improving Downtown trophy tier. ASU Downtown campus underwrites adjacent demand."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/phoenix), updated 2026-04-15T00:00:00.000Z."
}