Colliers 
- Investment activity in Greater Phoenix did not change significantly from the second quarter to the third quarter, and property fundamentals are generally improving. The greatest increase in activity was recorded in sales of shopping centers.
- Sales prices recorded modest decreases in the third quarter, but year-to-date prices are above the 2014 median price. The office segment of the market has recorded the most significant price increases thus far in 2015.
- Cap rates did not show a clear direction in the third quarter, compressing in both the office and shopping center segments, but ticking higher in industrial buildings. Cap rates are generally averaging in the mid-7 percent range.
Read the full 3Q 2015 Investment Report.
