Phoenix Q2 office sales volume doubles Y-o-Y

*Renaissance Square comprises of two office towers and retail space in downtown Phoenix near Central Avenue and Adams Street. /Photo courtesy of Hines*

By Ioana Neamt for COMMERCIALCafé

The Phoenix office market was an attractive scene for investors during the second quarter of 2017, with 20 notable deals closed for a total of $513M. The average price/SF for office buildings trading on the market is holding steady, roughly on par with the average of the past five years, according to in-depth Yardi Matrix data.

Overall, the market saw significant improvement compared to both Q2 2016 and the first three months of 2017, a sign that buyer interest is strong and investment opportunities in the area are plentiful.

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August 10, 2017

2017, Phoenix office market, Q2 2016

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Phoenix Q2 office sales volume doubles Y-o-Y

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