Office space in Phoenix

Phoenix’s office market spans downtown, Scottsdale, and suburban corridors across the Arizona desert. The metropolitan area combines manufacturing strength with expanding technology adoption and growing corporate relocation from coastal markets.
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Office spaces in Phoenix

A selection of the best workspaces in Phoenix

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Featured

Office spaces in Phoenix

A selection of the best workspaces in Phoenix

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market overview

Emerging tech and manufacturing centre

Phoenix has become an increasingly significant technology and manufacturing hub in the American Southwest. The city hosts major facilities for semiconductor and semiconductor equipment manufacturing, alongside growing corporate headquarters relocating from California and the Pacific coast. Intel’s Chandler fab expansion and Taiwan Semiconductor Manufacturing Company’s Arizona operations anchor significant employment clusters. The city’s economy also supports substantial logistics, aerospace, and construction sectors serving the region’s rapid population growth.

Downtown Phoenix concentrates office employment around the financial district and professional services, whilst Scottsdale to the north serves as a secondary business centre with stronger premium office stock. Tempe and Mesa provide suburban alternatives with lower cost structures. The metropolitan area benefits from lower occupancy costs compared to coastal tech centres, attracting companies seeking expansion space and operational cost reduction. Phoenix Sky Harbor International Airport connects to national and international destinations, whilst Interstate 10 and 101 provide critical logistics corridors. The region’s educated workforce has expanded substantially through both in-migration and local university development.

Key Industries

What type of companies are based in Phoenix?

Healthcare

Real Estate

Manufacturing

Financial Services

Tourism and Hospitality

Technology

Your questions answered

Common questions

Downtown Phoenix and the Central Corridor along Central Avenue host the core CBD tenants, including legal, banking and government-linked firms near CityScape and Renaissance Square. Tempe, anchored by Arizona State University and the DMB Marina Heights campus, attracts technology, finance and consulting tenants including State Farm, PayPal and Deloitte. Scottsdale and the Scottsdale Airpark serve financial advisory, private wealth and professional services firms in lower-density campus stock. Chandler has become the semiconductor and advanced manufacturing cluster, home to Intel’s Ocotillo campus and TSMC’s expanding Arizona operations. Old Town Scottsdale holds creative agencies and smaller founders in walkable stock.
Phoenix has been one of the fastest-growing US metros for a decade, with Arizona’s business-friendly tax climate and lower cost base attracting relocations from California in financial services, technology and insurance. The semiconductor cluster around Chandler, anchored by Intel, TSMC and their supply chain, is the most significant recent development and has driven sustained office and industrial demand. Flex supply is led by WeWork, Industrious, Regus, Common Desk and Expansive, with the strongest concentration in Tempe and Scottsdale. Demand skews to well-specified private suites rather than open coworking, and Tempe’s ASU-adjacent pool supports strong hybrid attendance.
Valley Metro light rail connects downtown Phoenix, midtown, ASU’s Tempe campus and Mesa, with ongoing extensions to South Phoenix and Metrocenter. Occupiers targeting younger hires or ASU graduates frequently prioritise buildings close to light rail stations such as Central Station, University Drive-Rural Road and Tempe Town Lake. The system is relatively limited compared to larger metros, so most Phoenix commuting still relies on cars, and ample parking remains a baseline expectation even in downtown. Buildings along the rail spine carry an amenity premium but still expect dedicated parking structures, particularly for suburban occupier expectations.
Phoenix offers a deep flexible workspace market dominated by serviced offices, with supply concentrated across Downtown Phoenix, Camelback Corridor, the Scottsdale Airpark, Tempe and Chandler. Operators range from global brands to boutique providers serving Fortune 500 corporate HQs, financial services, technology and aerospace occupiers. Coworking is more limited and concentrates in Downtown Phoenix and Tempe, supporting founders, scale-ups and creative agencies. Managed offices, where space is fitted bespoke for a single tenant on a flex contract, are not yet a meaningful part of the Phoenix market.
Flexible workspace demand in Phoenix is anchored by an unusually broad Fortune 500 base. Major HQ presences include Honeywell Aerospace, Avnet, Republic Services, Magellan Health and Insight Enterprises, driving substantial supplier and consulting demand. Semiconductors are unusually strong, anchored by Intel’s Chandler campus and TSMC’s major fabs in north Phoenix, supporting a deep supplier ecosystem. Financial services, particularly insurance and a fast-growing fintech base, cluster across the Camelback Corridor. Tech, SaaS and consumer brands have grown rapidly with relocations from California, alongside healthcare, aerospace, real estate and a substantial logistics and distribution base.