Office Market Office vacancy rates in Phoenix continue to climb steadily as the year comes to a close. Many businesses are reevaluating their space needs, often opting for reductions or
Office Market Office vacancy rates in Phoenix continue to climb steadily as the fourth quarter begins. Businesses are increasingly reevaluating their space needs, often leading to downsizing or closures. Compounding
Office Market Office vacancy rates in Phoenix continue to climb as the third quarter draws to a close. Many companies are reevaluating their space needs, often leading to downsizing or
Negotiating a lease can be a daunting process in any market, but it’s especially difficult in today’s challenging environment. With wildly varying lease rates, tight credit, sky high construction costs
Office Market Office vacancy in Phoenix continues to climb steadily as the third quarter begins. Many tenants are reevaluating their space utilization, often leading to downsizing or closures. Moreover, job
Office Market As the third quarter begins, office vacancy in Phoenix continues to rise steadily. Many businesses are reassessing their space needs, often leading to reductions or closures. Additionally, job
As we settle into the second half of 2024, it’s time to review the overall economy, our current commercial real estate market and what we can expect in the second
Office Market As the second quarter comes to a close, Phoenix continues to experience a steady rise in office vacancies. Local businesses are closely examining the efficiency of their office
It doesn’t take long once you step into the world of real estate before you hear the term “Cap Rate.” In fact, rarely does a day in my life go
The April 2024 report provides key insights including rising vacancies in office and industrial spaces due to changing demands and increased supply, while the retail sector thrives with low vacancies and robust rent growth. The multi-family sector faces increased vacancies despite high leasing activity. Explore the latest trends, challenges, and opportunities in the Phoenix market to stay informed and make strategic decisions.
The March 2024 report’s key highlights include ongoing uncertainty in the office market due to post-pandemic shifts, a spike in industrial vacancies from a surge in supply, increased vacancies in the multi-family sector despite strong leasing activity, and robust performance in the retail market with low vacancies and strong rent growth. This detailed analysis helps in understanding current market trends and making informed decisions.
The market for development may have slowed from its peak level of activity a couple years ago, but there are still many significant projects under construction across the valley. These
