Figures
Phoenix Retail Figures Q4 2024
February 10, 2025 5 Minute Read
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‒The Phoenix retail sector recorded 275,194 sq. ft. of negative net absorption and 1,104,283 million sq. ft. of gross absorption in Q4 2024.
‒Vacancy increased by 20 basis points (bps) to 5.7% in Q4 2024.
‒New deliveries totaled 182,211 sq. ft. while 1,073,695 sq. ft. remained under construction.