$40 billion Uber leases downtown Phoenix space

Ride-sharing company Uber has set up new Phoenix offices at 111. W. Monroe in downtown Phoenix.

San Francisco-based Uber, which hooks up riders with the equivalent of freelance cab drivers, was recently valued at $40 billion.

The 255,600-square-foot office building is half empty, according to the CoStar real estate information service.

The downtown building was purchased for $22 million last year by Rialto Capital and Phoenix-based Ironline Partners, according to CoStar. They have undertaken some…