Business Districts

The Smith District is a 302-acre mixed-use innovation corridor located just west of the Loop 101 and 202 interchange. Once a traditional industrial zone, it is now evolving into a dynamic hub for advanced manufacturing, logistics, construction, and mixed-use development. Home to over 230 companies and 4,700 employees, the district offers unmatched regional access and flexible zoning within a designated Opportunity Zone. 

Supported by new infrastructure investment and transit-oriented plans, the Smith District is positioned for long-term, market-driven growth. Its walkability, multimodal connections, and proximity to Tempe Marketplace and Mesa Riverview make it an ideal location for live-work-play development. 

The Tempe Maker District is a 600-acre innovation zone redefining light industrial and mixed-use space. Located between I-10, US 60, and Loop 202, the district supports creative manufacturing, adaptive reuse, and workforce-driven development. 

With flexible zoning, state and federal incentives, and designation as an Opportunity Zone, the Maker District is designed for entrepreneurs, makers, and developers seeking modern space in a connected urban environment. Pedestrian improvements and nearby entertainment add to its appeal as a future live-work-create hub. 

The Lake District is Tempe’s largest business area, spanning from McClintock Drive to SR 143 along Tempe Town Lake. This district blends culture, commerce, and sustainability in a premier mixed-use environment. 

Anchored by two miles of waterfront, the area is designed for vertical development, multimodal transit, and landmark architecture. With access to Tempe Beach Park, event spaces, and green infrastructure, the Lake District offers a unique opportunity for investment in Tempe’s urban core. 

The Emerald District is a prime mixed-use corridor along Warner Road and I-10, offering unmatched visibility and access. Anchored by IKEA, home to several industry leaders, and surrounded by large, freeway-fronting parcels, it is ideal for master-planned commercial, hospitality, and office development. 

With few large sites remaining in Tempe, this district presents a rare opportunity for signature projects in a high-traffic, high-profile location connected to Phoenix, Chandler, and Sky Harbor Airport. 

an ASU Research Park Innovation Zone

The Discovery District is a 460-acre innovation hub in South Tempe, that includes an ASU Innovation Zone, the ASU Research Park. The unique area is home to 6,000 employees and 2.2 million square feet of tech and R&D space. It is a proven center for corporate headquarters, light industrial, and emerging mixed-use development. 

Located near Loop 101 and supported by ASU leadership and wrap-around benefits, the district offers shovel-ready sites, green design, and strong links to the East Valley’s tech talent pipeline. 

An ASU Innovation Zone

The Novus District is part of the ASU Innovation Zone collection. It is a 355-acre, master-planned urban redevelopment adjacent to Tempe Town Lake and Arizona State University. This mixed-use corridor combines research space, high-rise offices, residential living, and world-class sports venues in a walkable, connected environment. 

Designed for long-term growth, Novus integrates rooftop solar, sustainable transit, and performance-based partnerships. It offers investors and developers unique benefits and a rare opportunity to shape a modern, amenity-rich innovation hub at the center of Tempe’s future. 

Downtown Tempe is the Phoenix area’s most vibrant urban center, combining Class A office space, major employers, cultural venues, and a walkable lifestyle district. Anchored by historic and iconic Mill Avenue and adjacent to Arizona State University, this dynamic area attracts creative firms, corporate offices, and startups seeking visibility, amenities, and workforce access. 

With light rail, streetcar, bike infrastructure, and direct freeway connections, Downtown Tempe offers unmatched mobility and access to talent. The district features restaurants, waterfront parks, hotels, and arts venues within walking distance, creating a true live-work environment for businesses ready to thrive in the urban core.