Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through April 2023 totaled $522 million consisting of 34 industrial properties that averaged $163 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

3.0%

Lease
Rates

$0.99

Net
Absorption

4,872,973

Construction
Completions

4,517,144