January 2023 Phoenix Investment Market Snapshot

Direct Sales (over 20,000 SF & $1 M)

January

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$72.46

$198

4

Retail

$36.5

$138

3

Industrial

$66.61

$193

5

Total

$175.57

12

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$72.46

$198

4

Retail

$36.5

$138

3

Industrial

$66.61

$193

5

Total

$175.57

12

Market Makers

West Valley Medical Center
West Valley Medical Center

140 N Litchfield Rd
Goodyear, AZ
(part of a 5-bldg national portfolio – $36.4M)
35,369 SF /100% Leased
Sales Price: $13.8M ($390 PSF)

Sprouts Center
Sprouts Center

5225-5235 E Southern Ave
Mesa, AZ
57,345 SF / 100% Leased
Sales Price: $18.5M ($323 PSF)

Warner Commerce Center
Warner Commerce Center

1320, 1330 W Warner Rd
Tempe, AZ
197,000 SF / 0.0% Leased
Sales Price: $42.4M ($215 PSF)

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Phoenix Investment Sales, 2022 Quarterly Reports

Phoenix Investment Sales, 2022 Year End Report

The Colliers Investment Team provides timely, accurate and comprehensive property and market analysis for office, retail and industrial properties throughout metropolitan Phoenix. Our mission is to inform and educate the buyers and sellers of commercial real estate in the 13th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.