May 2023 Phoenix Investment Market Snapshot

Direct Sales

May

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$48.90

$195

6

Retail

$73.24

$200

7

Industrial

$314.66

$139

8

Total

$436.79

21

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$357.37

$188

28

Retail

$236.75

$114

21

Industrial

$845.01

$153

42

Total

$1,439.13

91

Market Makers

Chandler Midway Corporate Center, A
Chandler Midway Corporate Center, A

5740 W Chandler Blvd
Chandler, AZ
20,944 SF / 100% Leased
Sales Price: $5.5M ($260 PSF)

Gilbert Town Square
Gilbert Town Square

1144, 1166 S Gilbert Rd
Gilbert, AZ
81,879 SF / 100% Leased
Sales Price: $23.9M ($292 PSF)

GO-99 (3 blgs)
GO-99 (3 blgs)

99th Ave and Buckeye Rd
Phoenix, AZ
1,282,863 SF / 0% Leased
Sales Price: $165.0M ($129 PSF)

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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.