by Alyxandria Carter | Oct 30, 2024
The Phoenix multifamily market showed signs of recovery in Q3 2024, as easing inflation and rising consumer confidence boosted renter demand and household formation. Despite new supply continuing to outpace leasing, the decline in occupancy is slowing, suggesting...
by Alyxandria Carter | Oct 30, 2024
Phoenix’s office market has seen a steady rise in vacancy rates, reaching 16.8% in Q3 2024, up from 11.1% pre-pandemic. This increase is driven by ongoing space reductions and a slowdown in office-using job growth, resulting in negative net absorption with over...
by Alyxandria Carter | Oct 30, 2024
The Phoenix industrial market is undergoing a major shift moving into the fourth quarter of 2024, marked by a surge in new development that has pushed vacancy rates to 11.7%, up from just 4.1% in mid-2022. This rise in vacancies, especially in properties over 100,000...
by Alyxandria Carter | Oct 30, 2024
Phoenix’s retail market remains tight, fueled by strong demographics, income growth, and job gains that have kept space availability low. Over the past year, Phoenix absorbed 770,000 SF, ranking among the top 15 U.S. markets for retail demand, with quick-service...
by Alyxandria Carter | Aug 1, 2024
In Q2 2024, Phoenix’s retail market remains strong, driven by demographic growth, rising incomes, and job gains. Tenant demand is robust, with significant activity from quick-service restaurants, beverage shops, discount retailers, and experiential tenants. The...
