March 2022 Phoenix Investment Market Snapshot

Direct Sales

March

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$600.30

$336

14

Retail

$187.05

$270

17

Industrial

$136.33

$132

10

Total

$923.69

41

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$916.69

$260

38

Retail

$324.85

$219

30

Industrial

$729.41

$166

44

Total

$1,970.96

112

Market Makers

The Esplanade
The Esplanade

2425 – 2575 E Camelback Rd
Phoenix, AZ
970,194 SF / 85% Leased
Sales Price: $385.0M ($397 PSF)

The Steelyard
The Steelyard

5091 S Gilbert Rd
Chandler, AZ
26,260 SF / 96% Leased
Sales Price: $17.4M ($661 PSF)

Cabot303
Cabot303

6390 N Alsup Ave
Litchfield Park, AZ
542,975 SF / 0% Leased
Sales Price: $70.5M ($130 PSF)

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Phoenix Investment Sales, 2022 1Q 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.