Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through April 2020 totaled $209 million, consisting of 22 retail properties and averaging $159 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Retail historical sales

Historical Industrial Sales
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Key Indicators (as of 1Q2020 relative to prior period)

Retail
Vacancy

7.3%

Lease
Rates

$15.07

Net
Absorption

125,641

Construction
Completions

312,934
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