Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through January 2020 totaled $93.6 million consisting of 14 office properties and averaging $145 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office--Historical-Sales

Historical Industrial Sales
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Key Indicators (as of 4Q2019 relative to prior period)

OfficeVacancy

12.7%

LeaseRates

$24.62

NetAbsorption

1,062,381

ConstructionCompletions

794,754
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