December 2023 Phoenix Investment Market Snapshot

Direct Sales

December

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$153.75

$213

10

Retail

$201.15

$241

11

Industrial

$80.06

$203

4

Total

$434.96

25

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$1,241.37

$171

78

Retail

$933.10

$161

80

Industrial

$1,697.995

$139

108

Total

$3,872.47

266

Market Makers

Blackhawk Corporate Center
Blackhawk Corporate Center

2902, 3010 W Agua Fria Fwy,
20401 N 29th Ave,
Phoenix, AZ
252,350 SF / 96.0% Leased
Sales Price: $46.0M ($182 PSF)

Palm Valley Pavilions West
Palm Valley Pavilions West

1380-1474 N Litchfield Rd
Goodyear, AZ
232,577 SF / 100.0% Leased
Sales Price: $59.0M ($254 PSF)

Gateway University I & II
Gateway University I & II

1605-1791 W University Dr
Tempe, AZ
268,409 SF / 99.0% Leased
Sales Price: $48.3M ($180 PSF)

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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.