---
title: "Tempe / Town Lake vs other Phoenix submarkets"
description: "How Tempe / Town Lake compares to other Phoenix Class A submarkets on rent, tier, and tenant profile."
canonical: https://classa.info/cities/phoenix/tempe/topics/vs-other-submarkets
pageType: nb-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Tempe / Town Lake (trophy, ~$44/sqft/yr) is one of 5 Phoenix Class A submarkets we track.

## TL;DR

- Tempe / Town Lake sits at trophy tier.
- Average rent $44/sqft/yr vs city average 34.
- Compared submarkets: Camelback Corridor (trophy), Downtown Phoenix (prime), Chandler / Gilbert (prime).

# Tempe / Town Lake vs other Phoenix submarkets

**Tempe / Town Lake (trophy, ~$44/sqft/yr) is one of 5 Phoenix [Class A](/glossary/class-a) submarkets we track.**

## TL;DR

- Tempe / Town Lake sits at [trophy tier](/topics/trophy-asset-selection).
- Average rent $44/sqft/yr vs city average 34.
- Compared submarkets: Camelback Corridor (trophy), Downtown Phoenix (prime), Chandler / Gilbert (prime).

## Side-by-side with peers

**Camelback Corridor** (trophy, $42/sqft/yr) — Phoenix's premier suburban trophy spine.

**Downtown Phoenix** (prime, $32/sqft/yr) — Repositioned legacy CBD.

**Chandler / Gilbert** (prime, $30/sqft/yr) — Suburban tech and semiconductor corridor.

**Scottsdale** (prime, $40/sqft/yr) — Premium suburban Class A market.

## Key facts

| city | Phoenix|
| submarket | Tempe / Town Lake|
| tier | trophy|
| averageRentLocal | $44/sqft/yr|
| cityClassARentUsd | $34/sqft/yr|
| cityVacancyPct | 23.4%|

## Frequently asked questions

****What other submarkets compete with Tempe / Town Lake in Phoenix?****
: Camelback Corridor, Downtown Phoenix, Chandler / Gilbert

## Related

- [**Tempe / Town Lake — submarket overview**](/cities/phoenix/tempe)
- [**Phoenix — full city profile**](/cities/phoenix)
- [**Phoenix submarkets — all**](/cities/phoenix/neighborhoods-overview)
- [**Tempe / Town Lake — Rents**](/cities/phoenix/tempe/topics/rents-and-availability)
- [**Tempe / Town Lake — Tenants**](/cities/phoenix/tempe/topics/tenant-profile)
- [**Tempe / Town Lake — Transit**](/cities/phoenix/tempe/topics/transit-and-commute)
- [**Tempe / Town Lake — Amenity**](/cities/phoenix/tempe/topics/amenity-and-lifestyle)

## Editorial provenance

Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
- [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce.
- [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
- [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies.
- [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex.
- [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa.

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