Downtown Phoenix is best-fit for government, professional services, healthcare hqs, university research.

  • Tier: prime.
  • Tenant fit: Government, professional services, healthcare HQs, university research.
  • Average rent $32/sqft/yr.

Downtown Phoenix, Phoenix: best fit for…

Downtown Phoenix is best-fit for government, professional services, healthcare hqs, university research.

TL;DR

  • Tier: prime.
  • Tenant fit: Government, professional services, healthcare HQs, university research.
  • Average rent $32/sqft/yr.

Best fit

Government, professional services, healthcare HQs, university research.

Less good fit

Tenants demanding the absolute top-of-market trophy address may find prime tier just below their target.

Key facts

cityPhoenix
submarketDowntown Phoenix
tierprime
averageRentLocal$32/sqft/yr
cityClassARentUsd$34/sqft/yr
cityVacancyPct23.4%

Frequently asked questions

Is Downtown Phoenix the right fit for my office?
Government, professional services, healthcare HQs, university research. If your profile aligns, yes. If your priority is cost over address, consider value-tier submarkets first.

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Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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