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Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through December 2022 totaled $2.5 billion consisting of 121 office properties and averaging $240 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office Historical Sales

Historical Office Sales
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Key Indicators (as of 3Q2022 relative to prior period)

Office
Vacancy

13.6%

Lease
Rates

$28.88

Net
Absorption

189,874

Construction
Completions

472,722

Phoenix Office Market Reports

Phoenix Investment Sales, 2022 3Q Report

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Phoenix Investment Sales, 2021 Year End Report

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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.