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Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through December 2022 totaled $1.7 billion, consisting of 131 retail properties and averaging $205 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 3Q2022 relative to prior period)

Retail
Vacancy

5.8%

Lease
Rates

$15.75

Net
Absorption

487,483

Construction
Completions

116,500

Phoenix Retail Market Reports

Phoenix Investment Sales, 2022 3Q Report

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Phoenix Investment Sales, 2021 Year End Report

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The Colliers Investment Team provides timely, accurate and comprehensive property and market analysis for office, retail and industrial properties throughout metropolitan Phoenix. Our mission is to inform and educate the buyers and sellers of commercial real estate in the 13th largest metropolitan area in the United States. For custom or submarket-specific analytics and property-level evaluations, please contact any member of our team.