Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through April 2021 totaled $401 million, consisting of 35 retail properties and averaging $142 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 1Q2021 relative to prior period)

Retail
Vacancy

7.7%

Lease
Rates

$14.75

Net
Absorption

246,897

Construction
Completions

231,020
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