Downtown Phoenix's tenant base is anchored by government, professional services, healthcare hqs, university research.

• Tier: prime.
• Tenant character: Repositioned legacy CBD.
• Average rent: $32/sqft/yr.

TL;DR

• Tier: prime.
• Tenant character: Repositioned legacy CBD.
• Average rent: $32/sqft/yr.

Who clusters here

Government, professional services, healthcare HQs, university research.

What that means for newcomers

Newcomers to Downtown Phoenix should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

Key facts

Frequently asked questions

What kind of tenants lease in Downtown Phoenix?

Government, professional services, healthcare HQs, university research.

Related

• Downtown Phoenix — submarket overview
• Phoenix — full city profile
• Phoenix submarkets — all
• Downtown Phoenix — Rents
• Downtown Phoenix — Transit
• Downtown Phoenix — Amenity
• Downtown Phoenix — Buildings

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.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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