Our Latest Market Reports and Analysis
Office, retail and industrial investment sales through January 2021 totaled $472 million consisting of 38 properties. Throughout last year, there were significant sales each month that priced at “pre-pandemic” levels. Investors interest was ever-present, albeit selective. During 2020 the “Why Phoenix?” story kept strengthening. Phoenix posted top-tier job recovery, home sales strengthened, land prices rose, rental rates remained stable or increased, and absorption of space was generally steady or improved. New investors are visiting Phoenix every week looking for ways to invest.