The Greater Phoenix commercial real estate market has experienced an upswing of investment activity for the past several years, but the expansion has shown signs of slowing during third quarter. This is according to a report released by Colliers International in Greater Phoenix. The full report can be accessed by clicking Here.
Sales of commercial properties were mixed during third quarter, with activity rising in some segments and declining in others. Declines outweighed increases, so the year-to-date sales velocity is trailing levels from the first three quarters of 2016.