Home > Research > U.S. Leasing Market Reports Detail

Phoenix Market Reports

Phoenix Office Market

Average Asking Rent (Price/SF) $26.58
Vacancy Rate (%) 14.6%
Net Absorption (SF) 242,451

Despite economic uncertainty, the Phoenix office market continues to flourish. The China-U.S. trade war has come to dominate the national dialogue surrounding investor and corporate sentiment, but that sentiment has so far not impacted Phoenix's underlying value proposition and macroeconomic strength. Averaging 3.2% employment and 2.0% population growth annually since 2015, the metro has experienced a significant change in economic activity and comparative advantage relative to neighboring states since the 2007-08 peak of the last cycle.

Phoenix Industrial Market

Average Asking Rent (Price/SF) $0.71
Vacancy Rate (%) 7.7%
Net Absorption (SF)  -301,104

Despite economic uncertainty, the Phoenix industrial market continues to flourish. The China-U.S. trade war has come to dominate the national dialogue surrounding investor and corporate sentiment, but that sentiment has so far not impacted Phoenix's underlying value proposition and macroeconomic strength. Averaging 3.2% employment and 2.0% population growth annually since 2015, the metro has experienced a significant change in economic activity and comparative advantage relative to neighboring states since the 2007-08 peak of the last cycle.



Phoenix Office Market Report
3Q19
Download the PDF
Phoenix Industrial Market Report
3Q19
Download the PDF
Phoenix Retail Market Report
3Q19
Download the PDF

Local Market Contact:

Charles LeSueur

Senior Research Analyst
602.952.3856

General Research Inquiries: