April 2023 Phoenix Investment Market Snapshot

Direct Sales

April

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$37.60

$83

6

Retail

$32.70

$153

2

Industrial

$108.07

$152

6

Total

$178.37

14

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$311.87

$186

23

Retail

$163.52

$96

14

Industrial

$521.84

$163

34

Total

$997.22

71

Market Makers

1330 W Southern Ave
1330 W Southern Ave

1330 W Southern Ave
Tempe, AZ
150,000 SF / 83% Leased
Sales Price: $13.3M ($89 PSF)

Superstition Springs Center
Superstition Springs Center

2060-2150 S Power Rd
Mesa, AZ
94,258 SF / 93% Leased
Sales Price: $16.7M ($177 PSF)

The Cubes of Glendale, Bldg E
The Cubes of Glendale, Bldg E

7421 N Reems Rd
Glendale, AZ
570,080 SF / 0% Leased
Sales Price: $82.7M ($145 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

Phoenix Investment Sales, 2022 Quarterly Reports

Phoenix Investment Sales, 2023 Year End Report

The Colliers Arizona Investment Sales Team provides timely, accurate and comprehensive property and market analysis for office, retail and industrial properties throughout metropolitan Phoenix. Our mission is to inform and educate the buyers and sellers of commercial real estate in the 10th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.