PHX Office Space Market Remained Positive
Source: Colliers International The Greater Phoenix office market remained relatively healthy during second quarter, despite business interruptions caused by Stay-at-Home orders and impact of coronavirus. The office sector posted its 33rd consecutive quarter of positive net absorption and office vacancy remains below 15 percent. The Phoenix-Mesa-Scottsdale MSA unemployment rate peaked in April at 12.5 percent. Yet, Arizona’s economy […]
PHX a Top 10 Market for New Office Supply
By Roland Murphy for Arizona Builder’s Exchange It’s no surprise to office renters or investors that the Phoenix-area market is hot. A recent report from CommercialCafé, relying on data from Yardi Matrix and Property Shark, however, shows just how much heat the market has generated over the past decade. The study looked at space in […]