Phoenix MarketBeat Reports

Ronan McNulty • 2/3/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.


Learn more about our local markets and property types by clicking our most recent Phoenix MarketBeat reports below.


The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 Phoenix Office Report

In the fourth quarter of 2019, vacancy in the Metro Phoenix office market stood at 14.4%. This marks the lowest
vacancy rate since the fourth quarter of 2007, when it was 14.3%. The rate dropped 50 basis points (bps) quarter-over-
quarter and 120 bps year-over-year. The Metro Phoenix office market continues to experience robust demand in the fourth
quarter of 2019, absorbing 1.2 million square feet.

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Industrial MarketBeat Report
Q4 2019 Phoenix Industrial Report

In the fourth quarter of 2019, the Metro Phoenix industrial market overall vacancy rate was 6.8%, down 10 basis
points (bps) from the third quarter of 2019 and down 60 bps from the fourth quarter of 2018.

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Retail MarketBeat Report
Q4 2019 Phoenix Retail Report

The average asking rate for the Metro Phoenix retail market was $15.23 per square foot on an annual triple-net-basis in the fourth quarter of 2019.

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Multifamily MarketBeat Report
Q1 2019 Phoenix Multifamily Report

The Metro Phoenix multifamily market started 2019 with strong rent growth, absorption and completions. The market absorbed 2,937 units during the first quarter, nearly tying its 18-year average of 3,343 units.

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Featured Insights: Current U.S. MarketBeats

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020


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