by Kaya Cortese | Nov 4, 2025
The Phoenix retail market remains fundamentally tight despite a modest increase in space availability over the past 18 months. Strong demographics, rising incomes, and low unemployment continue to drive robust tenant demand, while limited new construction has helped...
by Kaya Cortese | Nov 4, 2025
The Phoenix multifamily market continues to face challenges from a persistent imbalance between supply and demand. Despite strong renter demand, with 17,000 units of net absorption over the past year, more than double the pre-COVID five-year annual average, an...
by Kaya Cortese | Nov 4, 2025
The Phoenix office market is beginning to stabilize, with vacancy declining for the first time since the pandemic. Over the past four quarters, the market recorded 1.6 million square feet of positive net absorption, driven by owner/user acquisitions of heavily vacant...
by Kaya Cortese | Nov 4, 2025
The Phoenix industrial market is showing early signs of stabilization, but near-term conditions remain uncertain. Vacancy, which had been rising sharply since early 2023 due to a surge in new construction, has flattened as completions ease and tenant demand remains...
by Kaya Cortese | Oct 27, 2025
Arizona’s largest metro is entering a new stage of commercial transformation. The Phoenix commercial real estate market, long fueled by population growth and industrial demand, is now expanding beyond the urban core into the fast-developing West Valley. Fueled by...
