4Q2023 Metro Phoenix Multifamily Newsletter

4Q2023 Metro Phoenix Multifamily Newsletter

The Phoenix multifamily market faces challenges as a surge in construction overshadows the rebounding rental demand, leading to weakened market conditions for consecutive years. The vacancy rate stands at its highest in over a decade at 10.8% as of early 2024, driven...
4Q2023 Metro Phoenix Office Newsletter

4Q2023 Metro Phoenix Office Newsletter

Into the last quarter of 2023, the impact of pandemic-induced shifts in demand continues to cast uncertainty over the market. Despite being more than four years removed from the onset of COVID-19, tenants continue to reevaluate the efficiency and size of their office...
Southwest Region 2023 Q3 Perspective

Southwest Region 2023 Q3 Perspective

Discover the latest happenings in the SVN Southwest Region Perspective! Stay informed about current trends and enticing commercial real estate opportunities in this flourishing region. Our seasoned team of professionals is dedicated to delivering valuable insights,...
3Q2023 Metro Phoenix Office Newsletter

3Q2023 Metro Phoenix Office Newsletter

Phoenix saw the addition of another -626,861 SF of net vacant office space to the market in 23Q3 as tepid demand and broad-based economic uncertainty continued to pressure the sector. Total empty space has climbed nearly 50% since the end of 2019, driving the...