Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through March 2022 totaled $729.4 million consisting of 44 industrial properties that averaged $166 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 4Q2021 relative to prior period)

Industrial
Vacancy

4.8%

Lease
Rates

$0.69

Net
Absorption

5,688,147

Construction
Completions

3,736,260

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