May 2021 Phoenix Investment Market Snapshot

Direct Sales

May

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$159.99

$237

11

Retail

$36.79

$107

8

Industrial

$90.90

$127

8

Total

$287.68

27

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$743.27

$210

44

Retail

$438.20

$138

43

Industrial

$1,025.69

$125

94

Total

$2,207.17

181

Market Makers

Northrop Grumman
Northrop Grumman

1715 N McQueen Rd
Chandler, AZ
120,294 SF / 100% Leased
Sales Price: $43.1M ($358 PSF)

Nordstrom @ Chandler Fashion
Nordstrom @ Chandler Fashion

3199 W Chandler Blvd
Chandler, AZ
143,920 SF / 0% Leased
Sales Price: $3.0M ($21 PSF)

Hopewell Group Portfolio
Hopewell Group Portfolio

Phoenix, AZ
419,418 SF / 66% Leased
Sales Price: $56.8M ($135 PSF)

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Phoenix Investment Sales, 2021 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.

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