Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through January 2024 totaled $72.9 million, consisting of 7 retail properties and averaging $223 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Retail Historical Sales

Historical Retail Sales
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Key Indicators (as of 3Q2023 relative to prior period)

Retail
Vacancy

4.5%

Lease
Rates

$16.35

Net
Absorption

554,407

Construction
Completions

198,350