Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through March 2022 totaled $324.8 million, consisting of 30 retail properties and averaging $219 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Retail Historical Sales

Historical Retail Sales
click to download

Key Indicators (as of 4Q2021 relative to prior period)

Retail
Vacancy

6.8%

Lease
Rates

$15.28

Net
Absorption

530,082

Construction
Completions

217,000

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