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2018 Year in Review: Big office deals centered around key submarkets

Posted by   /  December 19, 2018  /  No Comments

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ONE HUNDRED MILL: The $190 million mixed-use creative office, retail and lifestyle-hotel development, located on the 2.51 acre parcel on the corner of Mill Avenue and Rio Salado Parkway in Tempe.

 

By Corina Vanek | Phoenix Business Journal

Some of the Valley’s hottest office submarkets were the focal point for the biggest office deals of the year.

The majority of the biggest sales — four of the top 15 — were in Tempe, the submarket with the fourth-highest rent growth in the country, according to a report from CBRE. Tempe has the lowest office vacancy rate of any submarket in the Valley, with 4.7 percent vacancy for office space. Click on the photo gallery above to see the biggest office deals of the year.

Midtown Phoenix and Scottsdale also landed some major deals this year, with three apiece of the 15 most expensive office sales of the year so far, according to Cushman & Wakefield research.

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  • Published: 1 year ago on December 19, 2018
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  • Last Modified: December 19, 2018 @ 11:31 am
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