Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through December 2020 totaled $1.14 billion consisting of 77 office properties and averaging $233 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 4Q2020 relative to prior period)

Office
Vacancy

13.0%

Lease
Rates

$27.67

Net
Absorption

(142,343)

Construction
Completions

360,507
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