Arizona LandSource Team LandSource
Colliers International in Greater Phoenix

Greater Phoenix

Phoenix Office
2390 E Camelback Road
Suite 100
Phoenix, AZ 85016
USA
Main: + 1 602 222 5000
Fax: + 1 602 222 5001

Scottsdale Office
14080 N Northsight Blvd
Scottsdale, AZ 85260
USA
Main: + 1 480 596 9000
Fax: + 1 480 948 0502

Bob Mulhern
Senior Managing Director
Greater Phoenix
Direct: +1 602 222 5038
bob.mulhern@colliers.com

Commercial Real Estate Research and Analysis

Market research, analysis and insights are the essential ingredients in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

Land and Permit Snapshot

Colliers International Land and Permit Snapshot
2017 | Sept | Land and Permit Snapshot

The LandSource Team presents a snapshot of land sales; single-family and multifamily permits; and significant transactions in September 2017 for metropolitan Phoenix.

Colliers International Land and Permit Snapshot
2017 | August | Land and Permit Snapshot

The LandSource Team presents a snapshot of land sales; single-family and multifamily permits; and significant transactions in August 2017 for metropolitan Phoenix.

Colliers International Land and Permit Snapshot
2017 | July | Land and Permit Snapshot

The LandSource Team presents a snapshot of land sales; single-family and multifamily permits; and significant transactions in July 2017 for metropolitan Phoenix.

Land Report | Greater Phoenix

2017 | First Half | Land Report | Greater Phoenix

Housing Demand Fueling Land Sales. The Greater Phoenix housing and commercial markets continued to gain momentum. Land sales rose 11 percent from the second half of last year to the first half of 2017. Prices for land sales ticked up in the first half. The number of new homes sold rose by more than 25 percent from first half 2016 to first half 2017. Land sales for commercial and industrial development posted strong gains in both activity and prices.

Land Market Insights Video

Ramey Peru, Colliers International, LandSource Team
Greater Phoenix Land Market Update

Conditions are still improving in both residential and commercial markets. Multifamily permitting spiked by more than 60% in 2016, and we are still seeing demand for multifamily development in select locations. Single family new home development gained momentum in the 2nd half of 2016. Sales of land parcels for residential development spiked by more than 55% from the 1st half of the 2nd half of 2016. Looking to the future, housing demand will be notably higher than it is now.

Multifamily Reports | Greater Phoenix and Tucson

Colliers International multifamily market research
2017 | Q3 | Multifamily Report | Greater Phoenix

Investment Activity Heating Up with Rents on the Rise. The third quarter proved to be another period of strong performance in the Greater Phoenix multifamily market. Vacancy dipped, rents rose and the investment market gained momentum. Sales velocity rose again during the third quarter and prices surged ahead.

Colliers International multifamily real estate investments
2017 | Q3 | Multifamily Report | Tucson Metro

Investment Activity on the Rise as Rents Push Higher. The Tucson multifamily market had an active third quarter, with vacancies trending lower, rents rising and a surge in investment activity. Vacancy dipped 30 basis points in the third quarter, falling to 6.5 percent. Sales velocity spiked by more than 40 percent in the third quarter.

Retail Report | Greater Phoenix

2017 | Q3 | Retail Report | Greater Phoenix

Economic Growth Sparks Retail Absorption. The Greater Phoenix retail market recorded strong performance in third quarter. Net absorption posted the highest quarterly total in more than four years and the local vacancy rate hit an eight-year low. Asking rents ended the third quarter at $14.53 per square foot, up 3.2 percent from one year ago.

Office Report | Greater Phoenix

Office Market Colliers International
2017 | Q3 | Office Report | Greater Phoenix

Absorption Slows, Vacancy Flat in 3Q. Conditions cooled in the Greater Phoenix office market during third quarter. Net absorption slowed, vacancy was flat and the pace of rent growth was less robust than earlier quarters. Vacancy ended at 16.3 percent, unchanged from the second quarter figure. Asking rents ended at $24.20 per square foot, up 3.2 percent from one year ago.

Industrial Report | Greater Phoenix

2017 | Q3 | Industrial Report | Greater Phoenix

Tenant Demand on an Extended Upswing. The Greater Phoenix industrial market had a strong third quarter, fueled by robust tenant activity. Net absorption totaled more than 1.8 million square feet in the third quarter, bringing the total to more than 6.2 million square feet year to date. Industrial vacancy fell to 9.2 percent.

Investment Report | Greater Phoenix

Colliers International Research Reports
2017 | Q3 | Investment Report | Greater Phoenix

Sales of commercial properties were mixed in third quarter, with activity picking up in industrial assets, but dropping off in office and shopping center buildings. Prices are generally higher in 2017 than in 2016, but pricing was inconsistent during third quarter. Cap rates compressed in industrial buildings but rose in office buildings and shopping centers in the third quarter.

LandSource Team


Greater Phoenix
2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016 United States | Tel: +1 602 222 5000