Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through October 2022 totaled $3.2 billion consisting of 156 industrial properties that averaged $167 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 3Q2022 relative to prior period)

Industrial
Vacancy

2.4%

Lease
Rates

$0.85

Net
Absorption

4,949,956

Construction
Completions

5,801,541