May 2024 Phoenix Investment Market Snapshot

Direct Sales

May

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$124.07

$136

9

Retail

$59.27

$114

8

Industrial

$161.91

$176

10

Total

$345.24

27

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$527.65

$163

32

Retail

$297.899

$156

29

Industrial

$763.56

$153

51

Total

$1,589.11

112

Market Makers

The Beam on Farmer
The Beam on Farmer

433 S Farmer Ave
Tempe, AZ
180,910 SF / 35.0% Leased
Sales Price: $56.2M ($311 PSF)

Horizon Village
Horizon Village

1930-1950 W Indian School Rd
Phoenix, AZ
113,252 SF / 99.0% Leased
Sales Price: $15.6M ($138 PSF)

Packaging Corporation of America
Packaging Corporation of America

10100 N 151st Ave
Waddell, AZ
364,700 SF / 0.0% Leased
Sales Price: $73.9M ($203 PSF)

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Phoenix Investment Sales, 2024 Quarterly Reports

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.