by Alyxandria Carter | Jul 31, 2024
In Q2 2024, Phoenix’s industrial vacancy rate rose to 10.6%, driven by a surge in new developments, with over 43.8 million square feet delivered in the past year. Demand from logistics, construction, and manufacturing sectors remains strong but hasn’t kept...
by Alyxandria Carter | Jul 31, 2024
In Q2 2024, office vacancy rates in Phoenix have risen significantly, with an increase of over 500 basis points since Q4 2019. The trend is expected to continue as pre-pandemic leases expire, with over 4 million square feet vacated since COVID-19, particularly in...
by Alyxandria Carter | May 10, 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 | May 1, 2024
In Q1 2024, the Phoenix multifamily market showed signs of recovery, driven by reduced inflation and increased consumer confidence, boosting renter household formation and tenant demand. Despite continued growth in new housing developments, there was a stabilization...
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...
