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Phoenix Office Vacancy Remains Low, Despite Challenges
Phoenix's office construction remained slow in early 2025, with only three new properties delivered and 1.2 million sq ft underway, below national levels. Office sales hit $466 million, averaging $185/sq ft, slightly under the national average. Vacancy dropped to...
Metro Phoenix office market vacancy rate drops
Greater Phoenix office vacancy dropped to 15.2% in Q2 due to nearly 700,000 sq ft converted to industrial use. Tenant demand improved, with 286,309 sq ft net absorption, led by Class A buildings. Rental rates rose slightly, especially in Class A assets, while sublease...
Happy Halloween
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints'...
Median Price Hits $500K in Phoenix
Phoenix sold 792 single-family homes in September 2025, up ≈ 4.1% year-over-year. Median sold price in Phoenix was $500,000, up ~2% from September 2024. Average sold price in Phoenix was about $637,489, roughly a 4.3% year-over-year gain. Homes in Phoenix took 78 days...
What states have the most new construction in housing?
Texas, Florida, and California lead in total new housing permits, while Idaho, North Carolina, and South Carolina top per capita new construction. The South dominates new housing growth, driven by population influx, job growth, and favorable land and zoning...
Arizona Rentals Stay Hot for Investors in 2025
Property values continue rising across Arizona. Investors gain from strong rental yields. Landlord rules support income growth strategies. Efficient lease enforcement reduces investment risks. Fast-moving markets reward proactive investors.