Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through March 2021 totaled $433 million consisting of 19 office properties and averaging $226 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 4Q2020 relative to prior period)

Office
Vacancy

13.0%

Lease
Rates

$27.67

Net
Absorption

(142,343)

Construction
Completions

360,507
Menu