Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through August 2019 totaled $1.46 billion consisting of 94 office properties and averaging $165 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 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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