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.
Scottsdale compared to Metro Phoenix: January – March 2026 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
| Space Type | Scottsdale | Metro Phoenix |
|---|
| Industrial | 9.7% Vacancy @ $21.40 Sq. Ft. | 11.9% Vacancy @ $12.50 Sq. Ft. |
| Office | 14.3% Vacancy @ $32.59 Sq. Ft. | 16.4% Vacancy @ $30.29 Sq. Ft. |
| Retail | 3.8% Vacancy @ $35.69 Sq. Ft. | 4.7% Vacancy @ $26.95 Sq. Ft. |
Scottsdale Airpark
Airpark: Q1 2025 to Q1 2026 vacancy percent and price per square foot for Industrial, Office, and Retail spaces.
| Space Type | Q1 2025 | Q1 2026 |
|---|
| Industrial | 5.3% Vacancy @ $21.93 Sq. Ft. | 14.1% Vacancy @ $21.56 Sq. Ft. |
| Office | 15.1% Vacancy @ $31.07 Sq. Ft. | 15.5% Vacancy @ $32.03 Sq. Ft. |
| Retail | 1.9% Vacancy @ $32.25 Sq. Ft. | 3.4% Vacancy @ $33.37 Sq. Ft. |
Old Town Scottsdale
Old Town: Q1 2025 to Q1 2026 vacancy percent and price per square foot for Office and Retail spaces.
| Space Type | Q1 2025 | Q1 2026 |
|---|
| Office | 18.3% Vacancy @ $32.76 Sq. Ft. | 15.5% Vacancy @ $36.07 Sq. Ft. |
| Retail | 3.5% Vacancy @ $42.81 Sq. Ft. | 3.7% Vacancy @ $44.92 Sq. Ft. |
McDowell Corridor
McDowell Corridor: Q1 2025 to Q1 2026 vacancy percent and price per square foot for Office and Retail spaces.
| Space Type | Q1 2025 | Q1 2026 |
|---|
| Office | 24.9% Vacancy @ $33.74 Sq. Ft. | 8.7% Vacancy @ $35.42 Sq. Ft. |
| Retail | 6.3% Vacancy @ $22.72 Sq. Ft. | 4.4% Vacancy @ $24.15 Sq. Ft. |
