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Phoenix MarketBeat Reports

Ronan McNulty • 8/31/2020
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.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q2 2020 Phoenix Office Report

In the second quarter of 2020, vacancy in the Metro Phoenix office market in for-lease buildings was 18.2%. Vacancy increased despite positive absorption as deliveries outpaced absorption. The rate increased 40 basis points (bps) quarter-over-quarter and 50 bps year-over-year.

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Industrial MarketBeat Report
Q2 2020 Phoenix Industrial Report

In the second quarter of 2020, Metro Phoenix industrial developers delivered 2.5 million square feet (msf) of new inventory against 2.3 msf of positive absorption.

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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

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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