Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through May 2020 totaled $390 million consisting of 40 office properties and averaging $176 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 1Q2020 relative to prior period)

Office
Vacancy

12.8%

Lease
Rates

$25.48

Net
Absorption

147,630

Construction
Completions

982,060
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