4Q2023 Metro Phoenix Office Newsletter

4Q2023 Metro Phoenix Office Newsletter

Into the last quarter of 2023, the impact of pandemic-induced shifts in demand continues to cast uncertainty over the market. Despite being more than four years removed from the onset of COVID-19, tenants continue to reevaluate the efficiency and size of their office...
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...