Greater Phoenix Office Market Looking Positive for 2016

Vacancy Rates Trended Lower for Fifth Consecutive Year in 2015 The chart below presents statistical data in the fourth quarter of 2015 for Class A, Class B and Class C office space in Metro Phoenix related to total inventory, vacancy, vacancy rates, net absorption, and average rental rates. Note that the Class A category had …

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Metro Phoenix Retail Rates 2Q 2013

Vacancy Rates are on a slow decline while Rental Rates stay constant                 At the end of the second quarter of 2013 the metropolitan Phoenix retail vacancy rate was 10.7 percent, compared to 11.3 percent one year ago. It is important to note that in the second quarter …

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2012 Was A Better Year For the Metro Phoenix Retail Market!

1.9 Million Square Feet of Positive Absorption in 2012 Compared to Negative Absorption of 152,647 in 2011 Metro Phoenix Vacancy and Lease Rates The Metro Phoenix retail market has recorded positive absorption in five of the last six quarters.  At year end, the market absorbed 1.9 million square feet of space compared to negative absorption …

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Metro Phoenix Retail Market Update

Second Quarter 2012 Positive News!!! Vacancy rates decrease Third consecutive quarter of positive absorption Number of available big box stores decreases Single home permits increase appreciably indicating demand for retail services Vacancy Rates • Vacancy rate at 11.3% (2012) compared  to 12.6% (2011) • 50,000 square feet (2012) of new space delivered compared to 52,590 square feet …

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