Phoenix Commercial Industrial Property Market Reports

Industrial Market Conditions

Industrial investment sales through February 2023 totaled $216 million consisting of 18 industrial properties that averaged $162 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

$0.94

Net
Absorption

5,643,143

Construction
Completions

8,173,974