Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through October 2021 totaled $4.07 billion consisting of 244 industrial properties that averaged $146 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 3Q2021 relative to prior period)

Industrial
Vacancy

5.2%

Lease
Rates

$0.66

Net
Absorption

7,261,252

Construction
Completions

5,973,046

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