Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through August 2021 totaled $1.1 billion consisting of 80 office properties and averaging $186 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Office Historical Sales

Historical Office Sales
click to download

Key Indicators (as of 2Q2021 relative to prior period)

Office
Vacancy

14.0%

Lease
Rates

$27.58

Net
Absorption

76,690

Construction
Completions

381,499

Menu