In Quarter 2 of 2020 there was a total of 23,437,963 vacant available in the Phoenix market. The 4 &5 star properties represented a 14.3% vacancy rate compared to 12.2% for the greater Phoenix office market. In Q2 2020 there has been Net Deliveries of 439,202 SF to the market bringing the total existing inventory to 193 million square feet. Average asking rates are $26.47/sf up 2.95% from one year ago.
Download the report for more details on what the Phoenix Office Market will look like this quarter.