The Phoenix Office Market Q4 2017 data indicated absorption was positive three out of the four quarters in 2017, and in 18 of 22 submarkets for the year, with no strong winners or losers. At the close of Q4 2017, vacancy rate tied Q2 2008 for the lowest rate post-recession and the market continued to experience positive occupancy growth. In addition, Arizona’s low unemployment rate and favorable outlook should see growth of population and GDP in 2018 that outpaces the country as a whole. Below are five fast facts about the Phoenix office market from the Cushman & Wakefield Phoenix Research Team. For the full report click here.