Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through October 2020 totaled $1.54 billion consisting of 127 industrial properties that averaged $102 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 3Q2020 relative to prior period)

Industrial
Vacancy

7.9%

Lease
Rates

$0.61

Net
Absorption

2,579,685

Construction
Completions

3,232,596
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