48th @ Alameda - industrial in Tempe, AZ
Industrial

48th @ Alameda

2787 w alameda drive, tempe, AZ

Price

Price on request

Square Feet

88,700

Market rate estimate — not broker-provided

Cost-of-Business Details

Low Confidence
Low
$0.92/SF/mo
Mid
$1.09/SF/mo
High
$1.10/SF/mo
Tier Used
direct_comps

Based on 3 comparable industrial lease listings in the area.

Tier Resolution Trace
Tier 1success3 compsselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$1.09/SF/modirect_comps
Utilities17.0¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$1413/wkBLS QCEW
Source Provenance (1)
SourceTypeCountYearFreshnessPeer
OpenSearch Listingscomparable_listings3real-time
Data sources used
listings

Location

2787 w alameda drive, tempe, AZ

Marker
Leaflet © OpenStreetMap contributors

Property Details

Building Size88,700 SF
Year Built2025

Lease Details

Available Space88,700 SF
Max Contiguous88,700 SF
Min Divisible19,800 SF

Market Context

This industrial in Tempe, AZ is listed for lease across 88,700 SF. The building dates to 2025. It has been on the market for 64 days.

As of Q1 2026, the Phoenix industrial market showed a 11.9% vacancy rate, average asking rents near $13.08/SF/yr, and rents up 14.4% year over year. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$13.08–$13.53/SF/yr
Estimated sale value
$143–$181/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.8%, asking rent trend-adjusted to today).

View the full Phoenix Industrial market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other industrial listings for lease in Tempe, AZ to benchmark pricing and space — view the full market.

Industrial market FAQ

Is the Phoenix industrial market tightening or softening?
Vacancy is around 11.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence
$0.93/SF/mo-$1.10/SF/mo
Mid: $1.09/SF/mo
Total estimate for 88,700 SF
$96,683

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 04013

Low Confidence
  • Avg Rent ($/SF/mo) (market data)
  • Vacancy %
Q4 '25Q1 '26$0$4$8$12$160%10%20%30%40%
Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.1%
Avg Weekly Wage:$1,445

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population4,559,748
Median Income$89k↑ 20%
College Educated32.8%
Median Age37.6 yrs
Median Home Value$453k
Unemployment4.5%↑ 0.9pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Market comparison: industrial in tempe, AZ

More Industrial for Lease in Tempe, AZ(5)

Contact Broker

Garrett Wilson

Listed by

Cushman & Wakefield