March 2021 Phoenix Investment Market Snapshot

Direct Sales

March

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$198.22

$212

7

Retail

$240.96

$149

12

Industrial

$238.96

$134

34

Total

$723.14

53

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$432.64

$226

19

Retail

$350.54

$146

28

Industrial

$763.69

$136

67

Total

$1,546.87

114

Market Makers

Hayden Station

310-410 S Mill Ave & 51 W 3rd St
Tempe, AZ
107,508 SF / 69% Leased
Sales Price: $26.1M ($243 PSF)

Scottsdale Towne Center
Scottsdale Towne Center

15444-15784 N Frank Lloyd Wright Blvd
Scottsdale, AZ
166,702 SF
Sales Price: $27.7M ($166 PSF)

FedEx Ground
FedEx Ground

1666 N McClintock Dr
Tempe, AZ
145,883 SF / 100% Leased
Sales Price: $27.0M ($185 PSF)

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Phoenix Investment Sales, 2021 2Q Report

Phoenix Investment Sales, 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.

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