Midway through 2015, the Metro Phoenix commercial real estate market continues to thrive. Both the industrial and office sectors held their positions in the top ten for demanded markets across the country.
While the Metro Phoenix housing market inches closer to historical levels in terms of new construction, home sales and pricing, one of the benefactors is the Phoenix commercial real estate market which is posed to experience large gains in occupancy and average asking rates throughout all sectors.
With over 3.6 million square feet of occupancy growth the Phoenix industrial market ranked seventh, while the Phoenix office market closed out the top ten, absorbing over 889,000 square feet.
Learn more about the entire Metro Phoenix commercial real estate market by clicking the image below to download the infographic.
Also, within the infographic, you will find links to download the full report for each property line.
Curtis Hornaday oversees the DTZ Research Department in the Phoenix office with a commitment to provide the most accurate, timely and insightful market information available. Curtis and his team maintain and analyze market data through the use of internal and external property databases. He produces timely market reports and publications delivered through translated analysis, market insights and recommendations for clients. Curtis works to manage local relationships between the Research Department, other company departments and the DTZ Real Estate Professionals within each real estate specialty.