Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through April 2019 totaled $435.8 million consisting of 31 office properties and averaging $126 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office

Historical Industrial Sales
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Key Indicators (as of 1Q2019 relative to prior period)

OfficeVacancy

13.6%

LeaseRates

$25.63

NetAbsorption

846,986

ConstructionCompletions

944,184
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