Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through June 2022 totaled $1.7 billion consisting of 108 industrial properties that averaged $169 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 1Q2022 relative to prior period)

Industrial
Vacancy

4.0%

Lease
Rates

$0.74

Net
Absorption

7,885,081

Construction
Completions

5,653,052