Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through August 2021 totaled $756 million, consisting of 74 retail properties and averaging $151 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 2Q2021 relative to prior period)

Retail
Vacancy

7.4%

Lease
Rates

$14.90

Net
Absorption

249,645

Construction
Completions

188,470

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