Click here to watch the full video The Metro Office leasing market maintained its recovery momentum in the first quarter. The key indicator, net absorption, posted …
1-Minute Phoenix Metro Office Market Update: Q1 2026 Read More »
Click the link here to watch the full video. Great news! The Metro Phoenix office market ended 2025 with some real positive net absorption. After the worst year on record in 2024, the market suffered. 2025 closed with 816,342 SF of positive net absorption, a swing of nearly 3 million SF in the right direction. It’s clear: more …
1-Minute Phoenix Metro Office Market Update: Q4 2025 Read More »
Click the link here to watch the full video. Valued Customer– The Greater Phoenix Office market took a solid step forward in Q3 with 120,000 SF of positive net absorption, pushing year-to-date totals to 571,000 SF. That’s the strongest YTD number we’ve seen since 2021 and a clear sign of recovery starting to take shape. Sublease inventory dropped again — now sitting …
1-Minute Phoenix Metro Office Market Update: Q3 2025 Read More »
Click the link here to watch the full video. The Greater Phoenix Office market experienced a small step backwards in net absorption in Q2, going negative 78,000 SF. However, the situation isn’t as completely dismal as the number suggests. A closer look shows that sublease inventory went down by 300k SF. That’s a step in the right direction. Whether …
1-Minute Phoenix Metro Office Market Update: Q2 2025 Read More »
After the worst year on record in 2024, Metro Phoenix’s office market bounced back in Q1 2025 with 398,769 SF of positive net absorption. One quarter is not a trend but it’s a step in the right direction—and a sign that companies are sending more employees back to the office, and more often. The direct vacancy …
1-Minute Phoenix Metro Office Market Update: Q1 2025 Read More »
The Metro Phoenix office market gladly said goodbye to 2024, its worst year on record for net absorption. Reaching a total of -2.1 million SF, office tenants gave back more space in 2024 than even the worst year (2009) following the Great Financial Crisis: -1.3 million SF. {Click to Tweet } This means that companies are not done right sizing to …
1-Minute Phoenix Metro Office Market Update: Q4 2024 Read More »
The Phoenix office market is on track to suffer from its worst year of net absorption on record. A third consecutive quarter of negative absorption (-740,026 SF) brought the year-to-date total to -2.1 million SF. This is the most negative absorption in our history and we still have Q4 to go. Direct vacancy increased to 19.9%, assisted by sublease space …
1-Minute Phoenix Metro Office Market Update: Q3 2024 Read More »
The Metro Phoenix Office Market continues to navigate tough waters caused by the effects of COVID-19 and the Work from Home (WFH) phenomenon. Q2 2024 proved to be the worst quarter on record for net absorption, posting -883,286 SF. Compounded by the first quarter’s -497,019 SF, Metro Phoenix is on pace to set an annual record for office space shed. Negative …
1-Minute Phoenix Metro Office Market Update: Q2 2024 Read More »
The Metro Phoenix Office Market remains in correction mode. No one knows to what extent it will correct nor when there will be a significant number of distressed sales…but we think there will be some. Here are the numbers behind the correction happening now in the market: In Q1 2024 net absorption, the most telling indicator of market …
1-Minute Phoenix Metro Office Market Update: Q1 2024 Read More »
The Metro Phoenix Office sector had a tough 2023, ending the year with overall negative net absorption for the first time since 2010. This is concerning, but there is a silver lining in Q4 that stopped a three-quarter losing streak of negative absorption. Q4 2023 saw 68,616 SF of positive net absorption, however not enough …
For Review 1-Minute Phoenix Metro Office Market Update: Year End 2023 Read More »
