Phoenix, AZ Market Trends

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Multifamily Property Asking Price Index - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$48,028.82 +2.7% +9.5%
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Metro
$51,804.08 +4.1% +13.3%
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County
$54,512.41 +4.3% +15.4%
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City
$53,755.47 +2.7% +14.7%

Current Phoenix market trends data indicates an increase of +2.7% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +14.7% compared to last year's prices. County-wide, asking prices for Multifamily properties are 4.3% higher at $54,512 per unit compared to the current median price of $53,755 per unit for Multifamily properties in Phoenix, AZ.

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Office Property Asking Price Index - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$133.48 +0.9% +6.7%
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Metro
$132.14 +1.6% +10.9%
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County
$133.53 +1.7% +10.8%
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City
$118.53 +1.6% +9.3%

Current Phoenix market trends data indicates an increase of +1.6% in the median asking price per sq ft for Office properties compared to the prior 3 months, with an increase of +9.3% compared to last year's prices. County-wide, asking prices for Office properties are 1.7% higher at $134 per sq ft compared to the current median price of $119 per sq ft for Office properties in Phoenix, AZ.

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Industrial Property Asking Price Index - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$79.04 +0.9% +1.7%
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Metro
$84.91 +1.1% +3.3%
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County
$87.59 +1.8% +4.3%
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City
$86.31 +3.3% +7.4%

Current Phoenix market trends data indicates an increase of +3.3% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +7.4% compared to last year's prices. County-wide, asking prices for Industrial properties are 1.8% higher at $88 per sq ft compared to the current median price of $86 per sq ft for Industrial properties in Phoenix, AZ.

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Retail Property Asking Price Index - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$140.36 -0.5% +1.4%
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Metro
$153.31 +1.2% +4.5%
-
County
$164.35 +1.5% +4.4%

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Multifamily Property Sale Prices - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$44,859.79 +3.4% +12.3%
-
Metro
$44,859.79 +3.4% +12.3%

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Office Property Sale Prices - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$90.03 +2.2% +12.2%
-
Metro
$90.03 +2.2% +12.8%

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Industrial Property Sale Prices - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$62.75 +4.6% +7.3%
-
Metro
$62.75 +4.6% +7.3%

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Retail Property Sale Prices - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$122.02 +6.8% +21.6%
-
Metro
$122.02 +6.8% +21.6%

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Multifamily Property Total $ Available For Sale - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
17 -4.9% -8.0%

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Office Property Total $ Available For Sale - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
15 +3.7% -15.2%

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Industrial Property Total $ Available For Sale - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
21 +0.3% -17.8%

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Retail Property Total $ Available For Sale - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
23 +2.2% -22.8%

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Multifamily Property No. of Listings - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
24 +0.7% -7.4%

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Office Property No. of Listings - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
32 +1.1% -23.5%

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Industrial Property No. of Listings - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
39 +2.3% -22.1%

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Retail Property No. of Listings - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
39 +0.1% -19.6%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
124 +6.9% +52.7%

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Office Property Profile Views (Demand) - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
89 +11.4% +43.6%

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Industrial Property Profile Views (Demand) - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
93 -2.5% +33.7%

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Retail Property Profile Views (Demand) - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
106 +8.5% +37.6%

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Office Property Total SF Available - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
33 +4.0% -17.1%

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Industrial Property Total SF Available - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
35 -0.3% -24.9%

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Retail Property Total SF Available - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
34 +6.6% -22.9%

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Multifamily Property No. of Units For Sale - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
26 -6.2% -15.8%

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Multifamily Property Days on Market - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
116 +0.6% +6.1%
-
Metro
108 +1.8% +6.1%

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Office Property Days on Market - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
216 -1.9% +7.2%
-
Metro
198 -6.9% +4.3%

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Industrial Property Days on Market - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
227 -1.2% -0.2%
-
Metro
217 +1.3% -1.1%

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Retail Property Days on Market - Sale Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
160 +3.9% +12.8%
-
Metro
150 +2.6% +11.7%

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Office Property Asking Rent - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$17.10 +0.5% +1.6%
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Metro
$17.33 +0.5% +1.6%
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County
$17.42 +0.5% +1.6%
-
City
$17.18 +0.4% +0.6%

The average asking rental rate per sq ft/year for Office properties in Phoenix, AZ as of Oct 14 was $17.18. This represents an increase of 0.4% compared to the prior 3 months, with an increase of +0.6% year-over-year. County-wide, average rental rates in Phoenix are +0.5% higher at $17.42 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$7.19 +1.6% +6.5%
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Metro
$7.27 +1.8% +7.6%
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County
$7.37 +1.8% +8.0%
-
City
$7.01 +2.2% +8.1%

The average asking rental rate per sq ft/year for Industrial properties in Phoenix, AZ as of Oct 14 was $7.01. This represents an increase of 2.2% compared to the prior 3 months, with an increase of +8.1% year-over-year. County-wide, average rental rates in Phoenix are +1.8% higher at $7.37 per sq ft/year for Industrial properties currently for lease.

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Retail Property Asking Rent - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
$13.67 -0.4% -0.2%
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Metro
$13.59 -0.6% -1.2%
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County
$13.79 -0.4% -0.4%
-
City
$13.13 -0.3% +1.8%

The average asking rental rate per sq ft/year for Retail Commercial properties in Phoenix, AZ as of Oct 14 was $13.13. This represents a decrease of -0.3% compared to the prior 3 months, with an increase of +1.8% year-over-year. County-wide, average rental rates in Phoenix are -0.4% lower at $13.79 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property No. of Spaces - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
50 -0.1% -20.0%

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Industrial Property No. of Spaces - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
51 -0.8% -28.0%

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Retail Property No. of Spaces - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
55 +0.1% -20.5%

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Office Property Profile Views (Demand) - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
162 +13.9% +57.1%

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Industrial Property Profile Views (Demand) - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
165 +14.0% +51.6%

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Retail Property Profile Views (Demand) - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
179 +6.8% +48.5%

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Office Property Total SF Available - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
45 +0.3% -23.2%

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Industrial Property Total SF Available - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
36 +4.0% -30.9%

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Retail Property Total SF Available - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
Metro
47 -1.9% -21.4%

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Office Property Days on Market - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
228 +10.0% +60.6%
-
Metro
212 +9.2% +68.0%

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Industrial Property Days on Market - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
196 -4.2% +69.4%
-
Metro
188 -5.6% +88.2%

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Retail Property Days on Market - Lease Trends

  Oct 14 vs. 3 mo. prior Y-O-Y
-
State
287 +7.9% +14.6%
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Metro
277 +5.7% +13.8%