Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through December 2021 totaled $1.34 billion, consisting of 130 retail properties and averaging $161 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 3Q2021 relative to prior period)

Retail
Vacancy

7.2%

Lease
Rates

$14.94

Net
Absorption

286,386

Construction
Completions

66,910

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