Declining vacancy spurs new office developments in Phoenix

AZBigMedia

The Greater Phoenix office market kicked off 2018 with stronger momentum in net absorption that experienced in recent years. Vacancy dropped to 15.5 percent and the pipeline of construction projects in this product category is filling. This is all noted in a recent first-quarter report released by Colliers International in Greater Phoenix.

Office tenants moved into a net of approximately 679,000 square feet during the first three months of the year. This net absorption level was a retreat from fourth quarter 2017, but stronger than first quarters of previous years. 

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »