Barnes Investment Team Colliers International Barnes-Chasse Investment Team

Greater Phoenix

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

Bob Mulhern
Senior Managing Director
Greater Phoenix
Direct: +1 602 222 5038

Commercial Real Estate Research and Analysis

Colliers International's research experts develop cutting edge market research and analysis to help our clients understand economic, demographic and real estate data. We monitor and evaluate market conditions, recap historical data and project market trends that could impact your business and critical decisions.

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.

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.

Medical Office Report | Greater Phoenix

Colliers International Medical Office Market Research
2017 | Q2 | Medical Office Report | Greater Phoenix

Medical Office Bounces Back in 2Q. After a slow start to the year, the Greater Phoenix medical office market rebounded during second quarter. Net absorption totaled more than 77,000 square feet in second quarter. Vacancy ended the quarter at 16 percent, down 70 basis points from one year ago. Rents ticked up in second quarter, reaching $22.89 per square foot.

Office Market Report | United States

2017 | Q3 | Office Market Outlook | U.S.

Boring is Good: U.S. Office Market Holds Firm with Minimal Change in Metrics. The U.S. office market experienced very little change over the course of Q3 2017 with occupancy rates remaining at peak levels and rents holding firm. Although construction levels remain elevated, the volume of office space under construction declined slightly from 113 to 109 million square feet. The office investment market is showing signs of cooling although suburban assets remain popular among investors.

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.

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.


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