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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
Phoenix Office Market Reports

Phoenix Investment Sales, 2019 3Q Report

2019 3rd Quarter Report - Phoenix Investment Sales

The Colliers International Investment Team provides timely, accurate and comprehensive property and market analysis for office, retail and industrial properties throughout metropolitan Phoenix. Our mission is to inform and educate the buyers and sellers of commercial real estate in the 13th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.

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