Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through May 2020 totaled $717 million consisting of 67 industrial properties that averaged $119 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 1Q2020 relative to prior period)

Industrial
Vacancy

7.6%

Lease
Rates

$0.58

Net
Absorption

1,070,689

Construction
Completions

2,239,616
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