Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through May 2019 totaled $599.2 million consisting of 42 office properties and averaging $139 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 1Q2019 relative to prior period)

OfficeVacancy

13.6%

LeaseRates

$25.63

NetAbsorption

846,986

ConstructionCompletions

944,184
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