Research and Analysis Colliers International commercial real estate services
Colliers International in Greater Phoenix

Greater Phoenix

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

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

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

Commercial Real Estate Research | Greater Phoenix

Greater Phoenix 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.

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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.

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.

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.

Investment Report | Greater Phoenix

Colliers International Research Reports
2017 | Q2 | Investment Report | Greater Phoenix

Sales of commercial properties in Greater Phoenix accelerated during the second quarter. The strongest gains were recorded in sales of shopping centers. Prices are on an upswing in most cases. Property performance—positive net absorption, tightening vacancy and rising rents—is driving prices higher. Cap rates compressed during the second quarter.

Office Report | Greater Phoenix

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

Vacancy Dips, Promoting New Spec Construction. Conditions picked up in the Greater Phoenix office market during second quarter. Net absorption was positive, vacancy declined, and rents rose at a modest rate. Vacancy closed out second quarter at 16.2 percent. Asking rents grew over 4 percent in the last year, reaching $24.07 per square foot in the second 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.

Multifamily Reports | Greater Phoenix and Tucson

Colliers International multifamily market research
2017 | Q2 | Multifamily Report | Greater Phoenix

Rents Spike, Brightening the Second-Half Outlook. The Greater Phoenix multifamily market posted strong results in the first half of 2017, and the outlook for the remainder of the year is bright. Vacancy is forecast to remain near current ranges even in an active development climate. Rents are forecast to top $1,000 per month by year-end. Sales velocity rose in second quarter.

Colliers International multifamily real estate investments
2017 | Q2 | Multifamily Report | Tucson Metro

Rent Growth Spikes, Fueling Investment Activity. Tucson multifamily market closed the first half of the year on a positive note. Although there was a slight uptick in vacancy, cap rates compressed, rents rose at a considerable pace, and the investment market was active. New construction slowed significantly, which will limit any supply-side pressure in the coming quarters.

2030 Report | Greater Scottsdale Airpark

City of Scottsdale Arizona
2016 | Year End | Scottsdale Airpark 2030 Report | Greater Phoenix

With very little construction in the Airpark the last seven years, the absorption of space by schools, insurance and financial companies, churches and other tenants has driven up rental rates. There have been large capital improvements in 30 to 40 year-old buildings, which were remodeled, updated and brought to the market with modern amenities to attract today’s employee base. By 2030, we are likely to see 75,000 employees, 4,000 companies and 50 million square feet of buildings in the Greater Scottsdale Airpark.

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