Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through December 2020 totaled $2.31 billion consisting of 183 industrial properties that averaged $113 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 4Q2020 relative to prior period)

Industrial
Vacancy

7.4%

Lease
Rates

$0.63

Net
Absorption

7,085,545

Construction
Completions

6,537,748
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