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...
by Alyxandria Carter | Apr 24, 2025
SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. The April 2025 economic update shows rising uncertainty across the U.S. economy. The Leading Economic Index dropped again, and consumer...
by Alyxandria Carter | Feb 5, 2025
Phoenix’s multifamily market showed signs of recovery in Q4 2024, with rising renter demand stabilizing occupancy rates. Net absorption reached 19,000 units, well above pre-COVID averages, driven by luxury lease-ups and a strong rebound in midpriced 3-star...
