by Alyxandria Carter | May 1, 2024
As we approach the second half of 2024, Phoenix’s retail market is experiencing historically tight conditions, driven by strong demographic trends, sustained income growth, and significant job gains. These factors, along with a modest construction pipeline and...
by Alyxandria Carter | May 1, 2024
The Phoenix office market is facing significant challenges, with vacancy rates steadily increasing since Q4 2019, a trend accelerated by the expiration of pre-pandemic leases and shifting tenant demand dynamics. This increase in vacancies is expected to continue as...
by Alyxandria Carter | May 1, 2024
Phoenix’s industrial sector has seen a surge in development, with a record 39.5 million square feet of new space delivered over the past year, pushing the vacancy rate from 4.2% in mid-2022 to 10.0% by Q2 2024. Despite this, demand remains strong, particularly...
by Alyxandria Carter | Mar 1, 2024
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,...
by Alyxandria Carter | Feb 5, 2024
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...
by Alyxandria Carter | Feb 5, 2024
The Phoenix retail market is thriving ending 2023 and into early 2024, boasting multi-decade bests in vacancy rates, space availability, and rent growth. Tenant demand for retail space remains robust, driven by net migration, population growth, and rising incomes,...
