Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through October 2019 totaled $1.35 billion consisting of 135 industrial properties that averaged $103 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Industrial Historical Sales

Historical Industrial Sales
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Key Indicators (as of 3Q2019 relative to prior period)

Industrial
Vacancy

6.8%

Lease
Rates

$0.57

Net
Absorption

1,232,241

Construction
Completions

2,266,710
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