Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through July 2019 totaled $610.49 million consisting of 74 industrial properties that averaged $104 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Industrial Historical Sales, 2006 - July 2018

Historical Industrial Sales
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Key Indicators (as of 2Q2019 relative to prior period)

Industrial
Vacancy

6.8%

Lease
Rates

$0.57

Net
Absorption

1,420,288

Construction
Completions

1,654,960
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