Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through January 2021 totaled $54 million, consisting of 10 retail properties and averaging $80 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Retail historical sales

Historical Retail Sales
click to download

Key Indicators (as of 4Q2020 relative to prior period)

Retail
Vacancy

7.9%

Lease
Rates

$14.73

Net
Absorption

(64,036)

Construction
Completions

233,955
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