by Alyxandria Carter | Nov 6, 2023
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...
by Alyxandria Carter | Nov 6, 2023
Although the Phoenix Multifamily market has fluctuated considerably over the past few years, the long-term drivers supporting the Valley’s multifamily market remain in place. Nation-leading demographic patterns, a growing and diversifying economy, and an attractive...
by Alyxandria Carter | Nov 6, 2023
Over the past 12 months, the Phoenix industrial market recorded 17.5 million SF of net absorption, compared to an average of about 8 million SF per year from 2015 to 2019. Builders, meanwhile, completed a record 27.3 million SF over the past year, contributing to an...
by Alyxandria Carter | Nov 6, 2023
Following another quarter of steady improvement, the Phoenix retail sector boasts some of the tightest market conditions in recent memory heading into late 2023. The combination of robust population gains, healthy consumption growth, a lack of store closures, and...
by Alyxandria Carter | Aug 23, 2023
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by Alyxandria Carter | Aug 17, 2023
The Phoenix industrial market is beginning to normalize as the sector transitions from the boom seen in the years following the onset of the pandemic to a more typical trajectory. Phoenix maintains its position as a relatively affordable market for its size. Rents...
