Phoenix Commercial Office Property Market Reports

Office Market Conditions

Office investment sales through September 2021 totaled $1.7 billion consisting of 94 office properties and averaging $203 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 3Q2021 relative to prior period)

Office
Vacancy

14.4%

Lease
Rates

$27.76

Net
Absorption

(317,887)

Construction
Completions

228,934

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