April 2024 Phoenix Investment Market Snapshot

Direct Sales

April

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$191.39

$220

7

Retail

$54.45

$215

5

Industrial

$243.35

$131

14

Total

$498.196

26

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$403.58

$173

23

Retail

$238.63

$172

21

Industrial

$600.15

$150

40

Total

$1,242.36

84

Market Makers

24th at Camelback
24th at Camelback

2375 E Camelback Rd
Scottsdale, AZ
308,827 SF / 75.6% Leased
Sales Price: $86.1M ($279 PSF)

Scottsdale Commons
Scottsdale Commons

7119-7129 E Shea Blvd
Scottsdale, AZ
69,482 SF / 96.6% Leased
Sales Price: $22.1M ($319 PSF)

KKR Portfolio to Blackstone
KKR Portfolio to Blackstone

5 Bldgs in Metro Phoenix, AZ
539,560 SF / 95.8% Leased
Sales Price: $87.0M ($161 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

Phoenix Investment Sales, 2023 Year End Report

Retail Capital Markets, 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.