November 22, 2024 9:08 pm
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Mixed real estate market: Retail down, office sales slow, industrial up

By Mike Sunnucks | Phoenix Business Journal

Sales of commercial office, industrial and retail buildings were mixed in the first quarter, according to new numbers from Colliers International (Nasdaq: CIGI).

Transaction activity for office sales in the Phoenix market was down 10 percent from the fourth quarter and was down 23 percent from the first quarter of 2015.

The sales prices of office buildings in the Phoenix area came in at $136 per foot in the first quarter. That is down 9 percent from the fourth quarter of 2016 but is up 13 percent from 1Q 2015.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.