Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through April 2019 totaled $328.2 million consisting of 44 industrial properties that averaged $96 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Industrial

Historical Industrial Sales
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Key Indicators (as of 1Q2019 relative to prior period)

IndustrialVacancy

7.2%

LeaseRates

$0.57

NetAbsorption

549,353

ConstructionCompletions

1,405,357
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