Office vacancies improve in Phoenix but still above 20 percent

Screen Shot 2015-07-29 at 10.39.29 AMBy Mike Sunnucks | Phoenix Business Journal

One out of five Phoenix offices are still empty while all new private commercial construction continues to be in Tempe, Scottsdale and the East Valley.

Phoenix’s office vacancy rate came in at 20.1 percent for the second quarter of 2015, according to new numbers from the CBRE commercial real estate firm.

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