March 2023 Phoenix Investment Market Snapshot

Direct Sales

March

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$120.83

$195

7

Retail

$21.125

$143

2

Industrial

$201.80

$169

11

Total

$343.75

20

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$274.27

$225

17

Retail

$130.82

$88

12

Industrial

$413.77

$166

28

Total

$818.85

57

Market Makers

Southern Sunset Plaza
Southern Sunset Plaza

1250-1342 S Country Club Dr
Mesa, AZ
200,091 SF / 86% Leased
Sales Price: $30.0M ($150 PSF)

Crossroads Plaza
Crossroads Plaza

6750 W Peoria Ave
Peoria, AZ
112,838 SF / 91% Leased
Sales Price: $14.7M ($131 PSF)

Gateway Technology Commerce Center
Gateway Technology Commerce Center

7535 E Ray Rd
Mesa, AZ
138,914 SF / 100% Leased
Sales Price: $25.4M ($183 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

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.