Skip to main content
main street of skysong with the overhead canopy

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: vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeScottsdaleMetro Phoenix
Industrial3.4% Vacancy @ $21.28 Sq. Ft.12.9% Vacancy @ $13.33 Sq. Ft.
Office16.6% Vacancy @ $30.80 Sq. Ft.16.7% Vacancy @ $29.36 Sq. Ft.
Retail3.4% Vacancy @ $33.65 Sq. Ft.4.8% Vacancy @ $25.38 Sq. Ft.

Employment Center Trends

Scottsdale Airpark

Airpark: Q1 2025 to Q1 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ1 2025Q1 2024
Industrial5.3% Vacancy @ $21.93 Sq. Ft.4.1% Vacancy @ $22.37 Sq. Ft.
Office15.1% Vacancy @ $31.07 Sq. Ft.15.6% Vacancy @ $32.47 Sq. Ft.
Retail1.9% Vacancy @ $32.25 Sq. Ft.2.6% Vacancy @ $32.18 Sq. Ft.

Old Town Scottsdale

Old Town: Q1 2025 to Q1 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ1 2025Q1 2024
Office18.3% Vacancy @ $32.76 Sq. Ft.15.2% Vacancy @ $32.77 Sq. Ft.
Retail3.5% Vacancy @ $42.81 Sq. Ft.2.2% Vacancy @ $42.74 Sq. Ft.

McDowell Corridor

McDowell Corridor: Q1 2025 to Q1 2024 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
Space TypeQ1 2025Q1 2024
Office24.9% Vacancy @ $33.74 Sq. Ft.22.2% Vacancy @ $34.69 Sq. Ft.
Retail6.3% Vacancy @ $22.72 Sq. Ft.6.8% Vacancy @ $22.28 Sq. Ft.