Metro Phoenix recorded 2.1 million total square feet of office absorption in 2017. This marks the fourth straight calendar year with at least 2.0 million square feet of positive absorption gains, the longest streak of its kind ever recorded in the Phoenix office market. The total also ranks Phoenix as the fourth highest market with absorption gains in the United States. Phoenix ranks behind… Read More
The Phoenix office market recorded some of the highest absorption gains in the country last year. Halfway through 2017, the market is still going strong. Phoenix ranked No. 3 for positive net absorption year-to-date, trailing behind only Seattle-Bellevue (2.8 m.s.f.) and Dallas (2.6 m.s.f.).
The 1.5 million square feet of… Read More
With so much positive office absorption activity in Phoenix over the past few quarters, we summarized everything you need to know about how our market’s absorption compares to other U.S. markets, significant transactions bolstering absorption and what we can expect to experience in future quarters.
Phoenix office absorption highest in the nation
With more than 2.6 million square feet of office space absorbed through the third quarter of 2016, Phoenix edged out… Read More
Phoenix ranks first in the U.S. for positive net absorption through the first three quarters of 2016. With more than 2.6 million square feet of office space absorbed, Phoenix edged out Chicago for the top spot in the nation.
Due in large part to the 1.2 million square feet of office… Read More