Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through October 2020 totaled $647 million consisting of 60 office properties and averaging $189 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 3Q2020 relative to prior period)

Office
Vacancy

12.7%

Lease
Rates

$27.94

Net
Absorption

109,718

Construction
Completions

448,785
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