February 2024 Phoenix Investment Market Snapshot

Direct Sales

February

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$68.95

$163

4

Retail

$51.96

$145

4

Industrial

$175.22

$181

10

Total

$296.12

18

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$168.68

$141

12

Retail

$124.84

$182

11

Industrial

$262.68

$168

20

Total

$556.21

43

Market Makers

Koll Cotton Center (7 bldgs)
Koll Cotton Center (7 bldgs)

4050 E Cotton Center Blvd
Phoenix, AZ
228,605 SF / 98.0% Leased
Sales Price: $38M ($166 PSF)

The Plant
The Plant

4021-4970 S Gilbert Rd
Chandler, AZ
57,334 SF / 100.0% Leased
Sales Price: $29.5M ($515 PSF)

Clarion Partners to ViaWest Group Portfolio
Clarion Partners to ViaWest Group Portfolio

6 locations throughout Metro Phoenix
428,453 SF / 98.0% Leased
Sales Price: $71.1M ($166 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

Phoenix Investment Sales, 2023 Year End Report

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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.