Figures
Phoenix Office Figures Q1 2025
April 14, 2025 5 Minute Read
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‒Phoenix experienced 441,123 sq. ft. of positive net absorption in Q1 2025.
‒The vacancy rate decreased quarter-over-quarter by 90 bps, finishing at 22.1%.
‒The average full-service gross direct asking lease rate decreased 4.7% year-over-year to $30.00 per sq. ft.