1-Minute Phoenix Metro Office Update: Q1 2017
Q1 2017 was a very busy first quarter! Metro Phoenix office market experienced 800,000 SF of positive net absorption. Annualized, this puts the market on track to absorb 3.2 million SF for the year, and 700,000 SF over our 25-year average. Vacancy in the first quarter essentially stayed flat at 18.9%, due to new building …
