Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through August 2020 totaled $561 million consisting of 50 office properties and averaging $192 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office historical sales

Historical Office Sales
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Key Indicators (as of 2Q2020 relative to prior period)

Office
Vacancy

13.1%

Lease
Rates

$25.71

Net
Absorption

205,372

Construction
Completions

402,220
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