{
  "url": "https://classa.info/cities/phoenix/rents-and-incentives",
  "title": "Phoenix Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Phoenix.",
  "oneSentenceAnswer": "Headline Class A rent in Phoenix is around $34/sqft/yr, with 12 months of typical rent-free on a 7-year term.",
  "tldr": [
    "Headline Class A rent: $34/sqft/yr.",
    "Trophy submarket rents (Camelback Corridor) push to roughly $42/sqft/yr.",
    "Typical concessions on a 7-year deal: 12 months free rent.",
    "Vacancy stands at 23.4% — market trend is flat.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "keyFacts": {
    "city": "Phoenix",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$34/sqft/yr",
    "classARentUsd": "$34/sqft/yr",
    "vacancy": "23.4%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 12,
    "submarkets": 5,
    "primeYieldPct": "7.2%",
    "trophyRent": "$42/sqft/yr",
    "primeRent": "$32/sqft/yr"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Phoenix?",
      "answer": "Around $34/sqft/yr across the broader Class A index. Trophy submarkets like Camelback Corridor command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Phoenix?",
      "answer": "12 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Phoenix?",
      "answer": "The Phoenix Class A market is currently flat. Vacancy is 23.4%, which sets the negotiating context."
    }
  ],
  "pageType": "city-topic",
  "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/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}