Phoenix metro accounted for 8% of all suburban real estate deals in U.S.

An aerial view of housing developments /Photo by IDuke/Wikicommons

By Mike Sunnucks | Phoenix Business Journal

Who said the suburbs were dead?

Suburban areas of Phoenix accounted for 8 percent of the net office leasing in the entire U.S. in 2016.

Only Dallas (13 percent) accounted for more, with Phoenix tying Los Angeles for second. That is according to a new research report by CBRE Group Inc. (NYSE: CBG).

CBRE looked into suburban commercial real estate deals last year.

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