Our Latest Market Reports and Analysis
Office, retail and industrial investment sales through August 2023 totaled $2.5 billion consisting of 166 properties. Industrial 2022 sales volumes were the second highest volume on record, retail 2022 property sales were the highest on record, and 2022 office sales were the sixth highest on record, even with a slowdown that began August. Even with rising interest rates, recession-wary reports, and threats from inflation, the “Why Phoenix?” story continues to strengthen. The Phoenix economy continues to expand through top-tier, innovation-sector jobs, and available land for new businesses and a growing population. Existing investors remain very interested in the Phoenix market, and new investors are visiting Phoenix every week looking for ways to invest.
