Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through August 2020 totaled $1.1 billion consisting of 99 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

Historical Industrial Sales
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Key Indicators (as of 2Q2020 relative to prior period)

Industrial
Vacancy

7.7%

Lease
Rates

$0.58

Net
Absorption

2,535,478

Construction
Completions

3,464,198
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