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...
by Alyxandria Carter | Aug 17, 2023
The Phoenix retail market continued to outperform in 23Q2 as strong demographics, resilient consumer spending, and steady job creation supported demand at local retailers. Thanks to these tailwinds, The Valley recorded its eighth-consecutive quarter of positive net...
by Alyxandria Carter | Aug 16, 2023
The Phoenix office market continues to navigate through an extended period of demand disruption, as evidenced by roughly -1 million SF in negative net absorption during 23Q2. The subdued construction pipeline has prevented a further supply and demand imbalance. About...
