Tempe, Arizona 85281: A Premier Destination for Commercial Real Estate

Introduction

Tempe, Arizona 85281, is a thriving hub for commercial real estate (CRE) professionals. Known for its vibrant economy and strategic location within the Phoenix metropolitan area, Tempe offers a diverse range of opportunities for investors and businesses. With a strong presence in key industries such as technology, education, and advanced manufacturing, Tempe is uniquely positioned to meet the growing demand for various commercial property types, including office, industrial, and retail spaces.

Economic and Industry Overview

Tempe's economy is buoyed by its major industries, including high-tech manufacturing, biotechnology, and financial services. The presence of tech giants and innovative startups fuels demand for office and industrial spaces. The city's strategic initiatives, supported by the Greater Phoenix Economic Council, aim to further bolster its economic landscape by attracting new businesses and supporting existing enterprises.

Strategic Location and Transportation Infrastructure

Tempe's location offers unparalleled logistical advantages. The city is intersected by major highways such as Interstate 10 and U.S. Route 60, providing easy access to regional and national markets. The proximity to Phoenix Sky Harbor International Airport enhances global connectivity, while the Valley Metro Rail facilitates efficient local transit. These transportation assets make Tempe an ideal spot for distribution centers and businesses reliant on swift access to labor pools and consumer markets.

Commercial Real Estate Inventory & Zoning

Tempe's commercial real estate landscape is divided into several submarkets, including the bustling Downtown area, the Arizona State University (ASU) corridor, and the industrial zones along University Drive and Hardy Drive. The city offers a mix of asset classes such as industrial, retail, and office spaces, with zoning incentives favoring mixed-use developments. Explore the City of Tempe Zoning Map for detailed information on zoning regulations and overlays.

Major Employers and Institutions

Tempe is home to major employers such as Arizona State University, State Farm, and Honeywell Aerospace, which drive significant CRE demand. The presence of ASU, a leading research institution, fosters innovation and attracts tech companies to the area. For more information, visit the Tempe Chamber of Commerce.

Notable Commercial Developments & Projects

Significant projects like the Novus Innovation Corridor and the Tempe Town Lake area are transforming the city's skyline with mixed-use developments and state-of-the-art facilities. These projects, often involved in public-private partnerships, are positioned within designated Opportunity Zones, offering potential tax incentives. Details on these projects can be found through the City of Tempe Planning Division.

Building Permits, Planning, and Development Tools

For developers and investors, Tempe provides a range of resources to facilitate the planning process. Access the Building Safety Division for permitting portals, and utilize the Parcel Map Viewer for real-time property data. Furthermore, the City of Tempe Development Code outlines all regulatory requirements.

Market Data & Economic Reports

Leverage public data sets such as those from Census.gov and the city's own Open Data Portal for comprehensive market insights. Brevitas employs AI-powered aggregation from these sources, offering detailed dashboards and economic impact reports. Explore Brevitas’ Tempe CRE listings for real-time data and opportunities.

Why Use Brevitas for Tempe, Arizona 85281 CRE?

Brevitas offers unparalleled tools for CRE professionals in Tempe. Our AI-driven platform provides real-time market alerts, auto-generated listing pages, and smart property pages. With email and landing page tools, integration with brokers and developers, and exclusive listings, Brevitas ensures premium exposure and seamless dealroom collaboration for all your CRE needs in Tempe.