Real estate forecast: Phoenix office market to improve but still battling high vacancies via small blocks

By Mike Sunnucks | Phoenix Business Journal

Job gains are projected to improve and vacancy rates are expected to decline some this year in the Phoenix real estate market, according to a new forecast by Marcus & Millichap Inc. (NYSE: MMI).

But Phoenix is still projected to have more empty office space than most other big U.S. real estate markets, according to the same forecast.



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