# Tempe / Town Lake, Phoenix tenant profile

> Tempe / Town Lake's tenant base is anchored by tech (state farm, carvana), university spinouts, financial services.

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

## TL;DR
- Tier: trophy.
- Tenant character: Mid-rise Class A frontier on the lake.
- Average rent: $44/sqft/yr.

## Key facts
- **city**: Phoenix
- **submarket**: Tempe / Town Lake
- **tier**: trophy
- **averageRentLocal**: $44/sqft/yr
- **cityClassARentUsd**: $34/sqft/yr
- **cityVacancyPct**: 23.4%

## FAQ
### What kind of tenants lease in Tempe / Town Lake?
Tech (State Farm, Carvana), university spinouts, financial services.

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