Phoenix has worst office vacancy rate among major U.S. markets

Gary Sauer-Thompson / Flickr
Gary Sauer-Thompson / Flickr

By Mike Sunnucks | Phoenix Business Journal

Phoenix has the worst office vacancy rate among the largest 30 commercial real estate markets in the U.S.

Greater Phoenix has a 21.7 percent office vacancy rate, according to the third quarter numbers from CBRE Group Inc.

The next highest is Detroit at 21.5 percent and Atlanta at 19.7 percent.

The Phoenix office market and Arizona economy, as a whole, have been slow to recover in the post-recession economy.

Continued:

 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.