Tag Archives: office market

Average office asking rent increases to the highest level since 2008

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The average asking rent in Metro Phoenix reached $24.91 per square foot (Full Service Gross) in in the first quarter of 2017. Asking rents have increased 4.9 percent from one year ago and have surged 22.8 percent since 2012.

Phoenix asking rents are still 7.1 percent below the pre-recession peak… Read More

South Scottsdale submarket showing largest office rent growth in Metro Phoenix

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Metro Phoenix office submarket rent growth, years 2011-2016.

Metro Phoenix office submarket rent growth, years 2011-2016. Click on image to view larger.

The South Scottsdale submarket recorded the Valley’s largest percentage gain in average direct asking office rates since 2011. Asking rents have increased… Read More