Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through December 2020 totaled $513 million, consisting of 63 retail properties and averaging $136 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 3Q2020 relative to prior period)

Retail
Vacancy

7.7%

Lease
Rates

$14.62

Net
Absorption

101,270

Construction
Completions

353,383
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