Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through September 2020 totaled $352 million, consisting of 44 retail properties and averaging $137 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Retail historical sales

Historical Retail Sales
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Key Indicators (as of 2Q2020 relative to prior period)

Retail
Vacancy

7.3%

Lease
Rates

$14.82

Net
Absorption

14,134

Construction
Completions

146,790
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