2Q2023 Metro Phoenix Retail Newsletter

2Q2023 Metro Phoenix Retail Newsletter

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...
2Q2023 Metro Phoenix Office Newsletter

2Q2023 Metro Phoenix Office Newsletter

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...
2Q2023 Metro Phoenix Multifamily Newsletter

2Q2023 Metro Phoenix Multifamily Newsletter

The Phoenix multifamily market is navigating a period of dislocation. Apartment demand has downshiftedfrom the record level seen in the two years following the onset of the pandemic to a much more moderatepace as high inflation and economic uncertainty stall the...