Phoenix, AZ Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$55,531.15 +1.5% +6.6%
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Metro
$64,097.13 +3.8% +13.9%
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County
$68,230.52 +3.8% +15.9%
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City
$66,964.43 +3.4% +14.5%

Current Phoenix market trends data indicates an increase of +3.4% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +14.5% compared to last year's prices. County-wide, asking prices for Multifamily properties are 3.8% higher at $68,231 per unit compared to the current median price of $66,964 per unit for Multifamily properties in Phoenix, AZ.

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$143.02 +1.7% +7.0%
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Metro
$147.71 +2.1% +8.0%
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County
$148.03 +2.1% +7.0%
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City
$130.70 +1.9% +7.2%

Current Phoenix market trends data indicates an increase of +1.9% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +7.2% compared to last year's prices. County-wide, asking prices for Office properties are 2.1% higher at $148 per sq ft compared to the current median price of $131 per sq ft for Office properties in Phoenix, AZ.

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$86.01 +3.3% +7.6%
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Metro
$93.95 +3.1% +8.0%
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County
$96.76 +3.2% +7.5%
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City
$87.53 +3.9% +0.7%

Current Phoenix market trends data indicates an increase of +3.9% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +0.7% compared to last year's prices. County-wide, asking prices for Industrial properties are 3.2% higher at $97 per sq ft compared to the current median price of $88 per sq ft for Industrial properties in Phoenix, AZ.

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$147.96 +0.9% +3.8%
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Metro
$166.03 +1.8% +5.7%
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County
$179.33 +1.3% +5.0%