Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through July 2019 totaled $1.18 billion consisting of 78 office properties and averaging $154 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office Historical Sales, 2006 - July 2018

Historical Industrial Sales
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Key Indicators (as of 2Q2019 relative to prior period)

Office
Vacancy

13.3%

Lease
Rates

$25.77

Net
Absorption

96,041

Construction
Completions

427,749
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