by Alyxandria Carter | May 1, 2025
The Phoenix multifamily market continued to face headwinds in Q1 2025, with vacancy climbing to 11.9% amid ongoing supply pressure. Despite healthy leasing activity and 18,000 units of net absorption—well above the pre-COVID average—construction remains elevated, with...
by Alyxandria Carter | May 1, 2025
The Phoenix office market posted its second straight quarter of positive absorption in Q1 2025, totaling 677,003 SF. Still, vacancy rose to 16.7%, the highest in 15 years, as pre-pandemic leases continue to roll off. Leasing demand remains focused on smaller,...
by Alyxandria Carter | May 1, 2025
The Phoenix industrial market faced rising vacancy in Q1 2025, reaching 12.4% as 31.1 million SF of new supply outpaced demand. While net absorption remained strong at 14.4 million SF, rent growth slowed to 2.6% year-over-year. Large-bay logistics properties are...
by Alyxandria Carter | May 1, 2025
The Phoenix retail market remained resilient in Q1 2025, posting 310,263 SF of net absorption despite a modest rise in vacancy to 4.8%. While national closures like 99 Cents Only and Big Lots increased available space, overall availability remains historically low at...
