Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through August 2021 totaled $1.61 billion consisting of 146 industrial properties that averaged $128 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Industrial Historical Sales

Historical Industrial Sales
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Key Indicators (as of 2Q2021 relative to prior period)

Industrial
Vacancy

5.9%

Lease
Rates

$0.65

Net
Absorption

5,843,973

Construction
Completions

3,634,559

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