Phoenix Retail Market Report Q1 2026

Mar 31, 2026

The Phoenix retail market in Q2 2026 recorded a 4.5% vacancy rate with average asking rents of $1.78 per square foot per month, representing a 9.37% year-over-year increase, while 3.29 million square feet remained under construction and average sale prices reached $296 per square foot. Year-to-date net absorption totaled 590,640 square feet (down 62.23% from the prior year), construction deliveries reached 1.29 million square feet (down 9.75% from 2025), and average cap rates expanded to 6.5%.

Retail Phoenix Arizona United States

Read the full report at Kidder Mathews

Published by Kidder Mathews. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.

Provenance

Publisher: Kidder Mathews
Obtained from: Kidder Mathews
Published: Mar 31, 2026
Last updated: Jun 28, 2026 (1 month ago)

Global Real Estate Intelligence records where every item came from and when we last refreshed it. Where a field reads Unknown we could not establish it, and we do not guess.

Continue reading:More from Kidder Mathews More Retail research More Phoenix research

Seattle Industrial Market Report - Q1 2026

The Puget Sound industrial market remained soft in Q1 2026, with total regional inventory at 410 million SF across 11,333 properties, vacancy increasing to 9.3% from 8.9% year-end 2025, and average blended asking rent at $1.07 per SF. Key submarket conditions varied widely, with Pierce County delivering 1.24 million SF and experiencing positive absorption of 625,284 SF, while Seattle Close-In, Southend, and Eastside submarkets all showed negative absorption, and global supply chain pressures plus recent cargo volumes tracking 17% below prior-year levels continued to constrain the regional market.

Industrial & LogisticsSeattleWashington

Updated 1 month agoPublished Mar 31, 2026

Read

Kidder Mathews

Seattle Multifamily Market Report Q1 2026

The Seattle multifamily market in Q2 2026 showed declining vacancy at 6.7% (down from 7.0% year-over-year), modest rent growth to an average of $2,048 per unit, and net absorption of 6,085 units year-to-date, while construction deliveries declined 53% to 3,813 units with approximately 19,368 units remaining under construction. Investment activity reflected lower per-unit pricing at $276,610, down 14.75% year-over-year, with net absorption continuing to outpace new supply and supporting overall market stability.

MultifamilySeattleWashington

Updated 1 month agoPublished Mar 31, 2026

Read

Kidder Mathews

Sacramento Office Market Report Q1 2026

Sacramento's office market maintained a direct vacancy rate of 11.2% in first quarter 2026, unchanged from the prior quarter but up 40 basis points year-over-year, while leasing activity improved 4.2% to 643,747 square feet and asking rents declined 1.9% to $2.17 per square foot as landlords offered concessions. The market showed early stabilization signs with declining availability and renewed government tenant demand, notably the Sacramento District Attorney's Office signing a 121,074 square foot fifteen-year lease, though net absorption remained negative at minus 25,948 square feet and investment activity stayed muted with zero new deliveries.

OfficeSacramentoCalifornia

Updated 1 month agoPublished Mar 31, 2026

Read

Kidder Mathews

Portland Office Market Report 1Q 2026

The Portland office market in Q2 2026 showed stabilizing vacancy at 15.3% with positive year-to-date net absorption of 173,519 SF, though quarterly net absorption remained negative at -29,025 SF, while average asking rents declined 2.4% year-over-year to $29.16 PSF. The regional unemployment rate stood at 4.7% as of May 2026, and the market is expected to remain tenant-favorable in the near term with limited new construction in the pipeline.

OfficePortlandOregon

Updated 1 month agoPublished Mar 31, 2026

Read

Kidder Mathews

Phoenix Office Market Report - Q1 2026

The Phoenix office market in first quarter 2026 experienced negative net absorption of 267,000 square feet with leasing activity increasing 10% year-over-year to 1.4 million square feet, while total vacancy decreased 70 basis points to 24.0% and average direct asking rates rose to $31.45 per square foot. Hybrid work trends are driving tenant demand toward smaller move-in-ready suites averaging 4,000-5,000 square feet and Class A properties offering hospitality-driven amenities such as conference facilities and on-site dining, with Tempe recording the strongest submarket performance at 195,000 square feet of positive net absorption.

OfficePhoenixArizona

Updated 1 month agoPublished Mar 31, 2026

Read

Kidder Mathews

Los Angeles Multifamily Market Report — Q1 2026

The Kidder Mathews report covers the Los Angeles multifamily market in first quarter 2026, presenting key metrics including a vacancy rate of 5.6%, average asking rents of $2,292 per unit monthly (flat year-over-year), average sales prices of $282,900 per unit (down 8% from 1Q25), and an average cap rate of 5.7%. The report details significant transactions, under-construction projects totaling 26,044 square feet, completed deliveries, and market trends showing construction deliveries down 23% year-over-year and net absorption down 83% compared to the prior year quarter.

MultifamilyLos AngelesCalifornia

Updated 1 month agoPublished Mar 31, 2026

Read

Commercial ObserverJewish High School Championed by Jeff Sutton Secures $30M in Construction Financing9 reads MatthewsAustin, TX Multifamily Market Report Q1 20266 reads RedfinGen Z Is Creating A New Path To Prosperity5 reads Vastgoedjournaal (Dutch)Internationaal technologiebedrijf huurt 1.248 m2 in Amsterdam4 reads JLLAre structural issues distorting Melbourne’s vacancy?4 reads

Did you know?

Test your commercial real estate knowledge with a quick question.