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Scottsdale Economic Development

Commercial Occupancy Trends

Track the Activity

Want to stay up to date on Scottsdale’s commercial real estate trends? Each quarter, we publish updated commercial occupancy data, including vacancy and lease rates for Scottsdale, its three primary submarkets, and the broader Metro Phoenix area.

Overall Valley Trends

Scottsdale compared to Metro Phoenix: April – June 2025 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeScottsdaleMetro Phoenix
Industrial6.2% Vacancy @ $21.25 Sq. Ft.12.9% Vacancy @ $13.31 Sq. Ft.
Office16.6% Vacancy @ $30.59 Sq. Ft.16.8% Vacancy @ $28.99 Sq. Ft.
Retail3.6% Vacancy @ $34.55 Sq. Ft.4.6% Vacancy @ $25.92 Sq. Ft.

Employment Center Trends

Scottsdale Airpark

Airpark: Q2 2025 to Q2 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ2 2025Q2 2024
Industrial9.6% Vacancy @ $21.92 Sq. Ft.3.7% Vacancy @ $22.53 Sq. Ft.
Office15.2% Vacancy @ $30.90 Sq. Ft.16.6% Vacancy @ $32.36 Sq. Ft.
Retail2.8% Vacancy @ $32.81 Sq. Ft.2.8% Vacancy @ $32.53 Sq. Ft.

Old Town Scottsdale

Old Town: Q2 2025 to Q2 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ2 2025Q2 2024
Office17.1% Vacancy @ $32.57 Sq. Ft.17.2% Vacancy @ $32.58 Sq. Ft.
Retail3.9% Vacancy @ $44.36 Sq. Ft.3.3% Vacancy @ $42.16 Sq. Ft.

McDowell Corridor

McDowell Corridor: Q2 2025 to Q2 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ2 2025Q2 2024
Office26.2% Vacancy @ $33.76 Sq. Ft.23.3% Vacancy @ $34.75 Sq. Ft.
Retail4.5% Vacancy @ $23.54 Sq. Ft.6.8% Vacancy @ $22.54 Sq. Ft.