Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through August 2022 totaled $1.2 billion, consisting of 91 retail properties and averaging $201 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 1Q2022 relative to prior period)

Retail
Vacancy

6.6%

Lease
Rates

$15.61

Net
Absorption

577,308

Construction
Completions

187,526