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OFFICE

OFFICE. Office Fundamentals. 2.95 MM SF Forecasted Absorption. 3 .61 MM SF Absorbed. Projected Length of Office Supply. Current Available SF: 29.82 Million Annual Absorption 2018: 3.61 Million SF Projected Length of Supply: 8.3 years

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OFFICE

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  1. OFFICE

  2. Office Fundamentals 2.95 MM SF Forecasted Absorption 3.61 MM SF Absorbed

  3. Projected Length of Office Supply • Current Available SF: 29.82 Million • Annual Absorption 2018: 3.61 Million SF • Projected Length of Supply: 8.3 years • Avg. Annual Absorption 2019-23 (forecast): 2.43 Million SF • Projected Length of Supply: 12.3 years

  4. Average Office Rental Rate Source: CoStar As of 1/10/2019

  5. 3.1 Million SF of Office Space Under Construction 3.1 Million SF Under Construction Source: CoStar * Building height denotes RBA As of 1/10/2019

  6. Phoenix Office Sales Volume And Pricing 2018: 1,003 Transactions

  7. INDUSTRIAL

  8. Industrial Fundamentals 6.2 MM SF Forecasted Absorption 7.9 MM SF Absorbed

  9. Projected Length of Retail Supply • Current Available SF: 35 Million SF • Annual Absorption 2018: 7.9 Million SF • Projected Length of Supply: 4.4 years • Avg. Annual Absorption 2019-23 (forecast): 5.24 Million SF • Projected Length of Supply: 6.7 years

  10. Average Industrial Rental Rate Source: CoStar As of 1/10/2019

  11. 5.6 Million SF of Industrial Space Under Construction 5.6 Million SF Under Construction Source: CoStar * Building height denotes RBA As of 1/10/2019

  12. Phoenix Industrial Sales Volume And Pricing 2018: 947 Transactions

  13. RETAIL

  14. Retail Fundamentals 1.49 MM SF Forecasted Absorption 2.64 MM SF Absorbed

  15. Projected Length of Retail Supply • Current Available SF: 19.84 Million SF • Annual Absorption 2018: 2.64 Million SF • Projected Length of Supply: 7.5 years • Avg. Annual Absorption 2019-23 (forecast): 1.21 Million SF • Projected Length of Supply: 16.4 years

  16. Average Retail Rental Rate Source: CoStar As of 1/10/2019

  17. Retail Rents Source: CoStar As of 1/23/2019

  18. 622,000 SF of Retail Space Under Construction 630,000 SF Under Construction Source: CoStar * Building height denotes RBA As of 1/10/2019

  19. Phoenix Retail Sales Volume And Pricing 2018: 1,074 Transactions

  20. Retail Sales Source: CoStar As of 1/23/2019

  21. MULTIFAMILY

  22. Phoenix Annual Multifamily Transactions Source: CoStar As of 1/10/2019

  23. Phoenix Multifamily Sales Volume And Pricing $147,000/Unit

  24. Phoenix Average Transactional Cap Rate By Property Type

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