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