February 2023 Phoenix Investment Market Snapshot

Direct Sales (over 20,000 SF & $1 M)

February

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$80.98

$347

6

Retail

$42.09

$193

5

Industrial

$149.17

$151

13

Total

$272.24

24

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$153.44

$256

10

Retail

$109.69

$82

10

Industrial

$215.78

$162

18

Total

$478.91

38

Market Makers

The Grove
The Grove

4200 E Camelback Rd
Phoenix, AZ
70,000 SF /100% Leased
Sales Price: $48.5M ($693 PSF)

Gateway Airport Crossing
Gateway Airport Crossing

5221-5229 S Power Rd
Mesa, AZ
28,894 SF / 90% Leased
Sales Price: $11.8M ($408 PSF)

Frito-Lay
Frito-Lay

7575 W Golden Ln
Peoria, AZ
157,554 SF / 100% Leased
Sales Price: $28.6M ($182 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

Phoenix Investment Sales, 2022 Quarterly Reports

Phoenix Investment Sales, 2022 Year End Report

The Colliers Investment 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 13th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.