March 2024 Phoenix Investment Market Snapshot

Direct Sales

March

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$43.50

$162

4

Retail

$59.34

$133

5

Industrial

$94.12

$159

6

Total

$196.96

15

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$212.18

$145

16

Retail

$184.18

$163

16

Industrial

$356.80

$166

26

Total

$753.17

58

Market Makers

Cardiovascular Associates of Mesa
Cardiovascular Associates of Mesa

6309 E Baywood Ave
Mesa, AZ
30,417 SF / 100.0% Leased
Sales Price: $15.4M ($506 PSF)

Mercado at Scottsdale
Mercado at Scottsdale

10105-10155 E Via Linda
Scottsdale, AZ
118,751 SF / 95.8% Leased
Sales Price: $26.5M ($223 PSF)

Spectrum Labs
Spectrum Labs

2801 S 35th St
Phoenix, AZ
25,596 SF / 100.0% Leased
Sales Price: $6.3M ($246 PSF)

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Phoenix Investment Sales, 2023 Quarterly Reports

Phoenix Investment Sales, 2023 Year End Report

Retail Capital Markets, 2023 Year End Report

The Colliers Arizona Investment Sales 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 10th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.