Phoenix Commercial Retail Property Market Reports

Retail Market Conditions

Retail investment sales through April 2024 totaled $238.6 million, consisting of 21 retail properties and averaging $172 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 4Q2023 relative to prior period)

Retail
Vacancy

4.4%

Lease
Rates

$16.56

Net
Absorption

465,616

Construction
Completions

160,901