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...
by Alyxandria Carter | Aug 1, 2024
In early 2024, the Phoenix multifamily market began showing signs of recovery, as easing inflation and rising consumer confidence boosted renter household formation. While new supply still exceeds leasing activity, occupancy and rent declines have started to...
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 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...
