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
8360 E Raintree Dr
Suite 130
Scottsdale, AZ 85260
Main: + 1 480 596 9000
Fax: + 1 480 655 3390

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 | Q4 | Industrial Report | Greater Phoenix

Industrial Market Closes 2017 on an Upswing. The Greater Phoenix industrial market closed out one of the most active years on record with a strong fourth quarter. The strong close to the year fuels an optimistic outlook for 2018.

Office Report | Greater Phoenix

Office Market Colliers International
2017 | Q4 | Office Report | Greater Phoenix

Office Sales and Leasing Activity Picks Up to Close 2017. The Greater Phoenix office market gained momentum in the fourth quarter, after conditions cooled during third quarter. Vacancy ended fourth quarter at 16.1 percent. Asking rents ticked up to $24.40 per square foot.

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.

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.

Medical Office Report | Greater Phoenix

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

Medical Office Development Ramping Up. The Greater Phoenix medical office market recorded mixed performance during the third quarter. Vacancies inched lower, but rents also recorded a dip. Sales activity in traditional medical office buildings surged by more than 75 percent from the second to third quarter, but sales of medical condos slowed.

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.

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