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Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through April 2023 totaled $312 million, consisting of 23 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
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Key Indicators (as of 4Q2022 relative to prior period)

Office
Vacancy

14.0%

Lease
Rates

$29.10

Net
Absorption

(459,265)

Construction
Completions

149,256

Phoenix Office Market Reports

Phoenix Investment Sales, 2023 Quarterly Reports

Download 1Q Report

Phoenix Investment Sales, 2022 Quarterly Reports

Download 1Q Report
Download 2Q Report
Download 3Q Report
Download 4Q Report

Phoenix Investment Sales, 2022 Year End Report

Download YE 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.