Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through August 2023 totaled $503 million, consisting of 41 retail properties and averaging $147 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 1Q2023 relative to prior period)

Retail
Vacancy

5.2%

Lease
Rates

$15.90

Net
Absorption

1,232,351

Construction
Completions

757,174