October 2021 Phoenix Investment Market Snapshot

Direct Sales

October

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$276.28

$240

15

Retail

$98.08

$222

13

Industrial

$1,251.22

$158

46

Total

$ 1,625.57

74

Year to Date

Total Amount (in Millions)

Per Square Foot

Number of Transactions

Office

$1,957.76

$206

110

Retail

$936.56

$156

100

Industrial

$4,068.44

$146

244

Total

$6,962.76

454

Market Makers

Cognizant Technology
Cognizant Technology

25800 N Norterra Pkwy
Phoenix, AZ
144,802 SF / 91% Leased
Sales Price: $48.5M ($335 PSF)

Sunrise Promenade
Sunrise Promenade

24604-24775 N Lake Pleasant Pkwy
Peoria, AZ
48,796 SF / 87% Leased
Sales Price: $18.2M ($374 PSF)

Reliance 2-State Portfolio
Reliance 2-State Portfolio

Arizona and Nevada
7,300,000 SF / 98% Leased
Sales Price: $1.15B ($158 PSF)

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Phoenix Investment Sales, 2021 2Q 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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