# Phoenix Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/phoenix
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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%.

## Key facts
- **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

## FAQ
### What is TSMC's impact on the office market?
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.

### How is the suburban trophy tier performing?
Camelback Corridor and Tempe Town Lake trophy product remain tight. Sun Corridor / Chandler / Gilbert mid-rise Class A is more variable.

### Is Downtown Phoenix viable for Class A?
Yes — Block 23 and the CityScape cluster anchor a small but improving Downtown trophy tier. ASU Downtown campus underwrites adjacent demand.

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Citation: Source: Class A Atlas (https://classa.info/cities/phoenix), updated 2026-04-15T00:00:00.000Z.