Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through April 2021 totaled $944 million consisting of 86 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 1Q2021 relative to prior period)

Industrial
Vacancy

6.6%

Lease
Rates

$0.64

Net
Absorption

5,176,059

Construction
Completions

2,918,529
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