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Phoenix Office Vacancy Continues Decline Despite Sluggish Leasing
Phoenix office market shows declining vacancy despite weak leasing activity.
OfficePhoenixArizona
Updated 1 day agoPublished Unknown
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78 reports
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Phoenix office market shows declining vacancy despite weak leasing activity.
Developers are evaluating conversions of office buildings to medical office buildings (MOBs) in response to tight development pipelines.
Phoenix is experiencing a surge in adaptive reuse conversions of office buildings into housing and industrial space, driven by excess office supply and limited available land.
Arizona led the United States in industrial real estate investment volume in 2025.
Phoenix office developers are incorporating ground-floor retail offerings as an amenity to attract tenants back to the office.
Phoenix multifamily vacancy fell to a three-year low in H1 2026 as absorption outpaced new deliveries.
Lodging Econometrics reports the Middle East hotel construction pipeline has reached 724 projects representing 178,003 rooms, with a 2028 openings forecast included.
Lodging Econometrics reports on Europe's hotel construction pipeline, tracking over 1,700 projects and providing forecasts for new hotel openings through 2028.
Lodging Econometrics reports that the APEC hotel construction pipeline hit record levels in Q2 2026, with a forward-looking 2028 forecast included.
Lodging Econometrics reports on Latin America's hotel construction pipeline, showing 759 projects and 111,340 rooms with a 22% surge in early-stage planning and includes a 2028 new hotel openings forecast.
The Phoenix metro will have more hotels open this year than any other major city in the United States. The Valley of the Sun is expected to have 26 hotel projects open before the end of the year. The Phoenix Business Journal reports that accounts for 3,615 new hotel rooms being added to the regional ... The post…
Lodging Econometrics reports a record-high 345 hotel construction projects totaling 47,874 rooms in Canada's pipeline as of Q2 2026, with forecasts for new openings in 2028.
Lodging Econometrics reports on U.S. hotel construction pipeline trends in Q2 2026, identifying Dallas as a leading market for new hotel development and providing a forecast for 2028 openings.
Summary and analysis of Phoenix’s current economic and industrial real estate market conditions.
Quarterly analysis of European data center market performance and regional competitive positioning across EMEA.
Quarterly analysis of Asia-Pacific data center market performance and competitive positioning across regional markets.
Global data center market performance and competitive positioning across regions in the second quarter of 2026.
A market analysis of data center performance and trends across Latin American regions.
Quarterly market report tracking data center performance and competitive dynamics across North American regions.
Lodging Econometrics reports on the U.S. hotel construction pipeline as of Q2 2026, including a forecast of 832 new hotel openings projected for 2028 and current pipeline metrics.
Phoenix's office market is showing signs of improving health.
Quarterly market analysis examining Asian real estate investment prospects in light of coronavirus impacts and geopolitical tensions.
Quarterly market analysis examining the impact of the coronavirus pandemic on Asian real estate investment prospects and market direction.
Professional services and coworking drive the fastest vacancy compression in the Sun Belt.
Retailers and investors follow suburban household formation as older stock works through turnover.
Phoenix multifamily completions are projected to fall nearly 50% across the metro in 2026, with the East Valley leading vacancy improvement as a construction pullback tempers softness in the West.
Cushman & Wakefield research examining the conversion and adaptive reuse of aging office properties in the Phoenix metropolitan area.
Arizona has added billions in construction value over the past three years, and the pace isn’t slowing. Semiconductor fabs, data centers, logistics warehouses, and multifamily housing are reshaping the Phoenix metro and beyond. But beneath the cranes and concrete, a quieter problem has been building: the industrial…
Located between the Phoenix and Tucson metros, Pinal County is the third-most populous in the state with its boundaries stretching nearly 5,400 square miles. As its neighbors to the north and south have seen economic expansion, so too has Pinal County, providing a place for businesses to locate where land and…
Spring Rent Gains, Overall Recovery Pending Phoenix’s spring rent gains signaled some stabilization, but the metro’s annual performance remained under pressure from elevated supply. Average advertised asking rents rose 0.2%, on a trailing three-month basis through April, to $1,528, matching the U.S. gain to $1,758…
Analysis of how inland western U.S. markets are transforming logistics and industrial real estate distribution patterns.
Nearly 1 in 5 U.S. house hunters looked to relocate to a different metro area in the first quarter, up slightly from a year earlier. Florida, Las Vegas and Phoenix are the most popular destinations, with many movers chasing affordability and sunshine. New York, Seattle, Los Angeles and other expensive metros top…
Lodging Econometrics reports that the Middle East hotel construction pipeline reached a record 717 projects in Q1 2026, demonstrating regional resilience despite geopolitical disruptions.
Lodging Econometrics reports on Europe's hotel construction pipeline totaling 1,731 projects and 255,354 rooms as of Q1 2026, with record-high early planning stage activity.
Lodging Econometrics reports that the Asia-Pacific hotel construction pipeline (excluding China) reached a record-high project count in early 2026.
Lodging Econometrics reports Latin America's hotel construction pipeline reached 755 projects with 113,663 rooms, growing 6% year-over-year with early planning projects up 12%.
Lodging Econometrics reports on Canada's hotel construction pipeline showing 331 projects and 45,401 rooms in development as of Q1 2026, with major chain expansion.
Lodging Econometrics reports on the U.S. hotel construction pipeline, highlighting Dallas's leadership with 184 projects and Phoenix's double-digit growth in under-construction inventory.
Analysis of U.S. hotel construction pipeline data showing 6,020 projects with 705,825 rooms in development as of Q1 2026, tracking conversion rates and new project starts.
Lodging Econometrics reports that the global hotel construction pipeline reached an all-time high in Q4 2025, with luxury and upper upscale segments and conversion activity reaching historic levels.
Lodging Econometrics reports that the Middle East hotel construction pipeline reached 710 projects in Q4 2025, led by growth in Saudi Arabia and Egypt.
Lodging Econometrics reports that the Asia Pacific hotel construction pipeline, excluding China, has reached record-high project totals, driven by growth in upper-scale chain hotels.
North American data center market analysis showing total absorption dynamics and sustained demand patterns in the second quarter of 2024.
Global data center market analysis and regional perspectives from datacenterHawk covering first-quarter 2026 conditions.
Analysis of data center transaction activity and structuring trends in 2026, examining impacts of rising interest rates, deal complexity, and renewal market dynamics.
Global data center market analysis covering third-quarter 2025 trends and performance metrics.
Market analysis examining power constraints, pricing trends, and artificial intelligence's impact on data center demand across North America, Latin America, Europe, and Asia-Pacific regions.
Analysis of Latin America's data center investment growth and hyperscale infrastructure development trajectory through 2026.
North American data center markets recorded over 1 GW total absorption for the fifth consecutive quarter, driven by multiple campus-sized lease signings.
Quarterly analysis of global data center market conditions in the first quarter of 2026, examining key trends and tensions shaping the sector.
Examines how data center operators are addressing power supply challenges through behind-the-meter solutions as grid interconnection delays reshape infrastructure development priorities.
Market analysis examining data center demand trends and activity during the first quarter of 2023 amid macroeconomic and industry challenges.
Market analysis of data center absorption trends through the second quarter of 2023, positioning the year among the largest on record.
Analysis of North American data center market performance in Q4 2024, highlighting leading markets including Northern Virginia, Atlanta, and Phoenix alongside broadening absorption trends.
Global data center vacancy rates continue declining while delivery timelines extend significantly compared to five-year historical averages.
Global data center market review covering Q4 2023 developments across North America, Latin America, Europe, and Asia-Pacific regions.
Lodging Econometrics' Q1 2026 U.S. Construction Pipeline Trend Report shows that Dallas leads all U.S. markets with 184 projects and 22,861 rooms in its hotel pipeline, followed by Atlanta, Phoenix, Nashville, and Austin, while Phoenix recorded year-over-year gains of 19% in projects and 11% in rooms under construction. The report details construction activity across pipeline stages, with Phoenix forecasted to top new hotel openings in 2026 with 27 hotels and 3,640 rooms, and Dallas expected to lead in 2027 with 27 new hotels and 2,484 rooms.
This is a market report published by Colliers in March 2026 covering the industrial sector in Sacramento, California, with references to national and Phoenix markets.
Phoenix's multifamily market is projected to recover in 2026 as supply completions fall nearly 50 percent and local inflation below 2 percent allows wages to catch up with asking rents, though performance will diverge by submarket. Class A properties in affluent East Valley and North Phoenix-Scottsdale corridors are expected to strengthen with reduced new supply competition, while Class B and C rentals in central and West Valley neighborhoods will face pressure from weaker job growth in manufacturing, logistics, and hospitality sectors.
This is a data and figures report published by CBRE on March 31, 2026, presenting office sector market data for Phoenix, Arizona in the first quarter of 2026.