What's Hot

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 2, 2025] - Tax Bill Would Make LIHTC Permanent
    • [July 2, 2025] - Mesa P&Z Recommends Data Center Zoning Restrictions
    • [July 1, 2025] - Retail Center & Senior Residential Development Planned in Casa Grande
    • [July 1, 2025] - New 108-Room Hotel, Conference Center Planned in S. Phoenix
    • [July 1, 2025] - State Government Shutdown Averted as Hobbs Signs Budget
    • [July 1, 2025] - Industry Professionals 07-01-25
    • [July 1, 2025] - Commercial Real Estate 07-01-25
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Trends » CBRE Releases PHX Q4 Industrial and Office Data
    Trends

    CBRE Releases PHX Q4 Industrial and Office Data

    BEX StaffBy BEX StaffJanuary 19, 2021No Comments1 Min Read
    Credit: timeout.com
    Share
    Facebook Twitter LinkedIn Pinterest Email

    CBRE has released its reports on the Industrial and Office markets’ Phoenix-area activity in the Fourth Quarter. 
    Industrial saw a decrease in quarter-over-quarter vacancies from 6.1 percent to 6.0 percent. During Q4 there were 5.09MSF of net absorption and 8.04MSF of gross absorption. Net absorption for the year was 13.1MSF, the highest ever in Phoenix. Gross absorption came in at 23.7MSF. 
    Phoenix Industrial construction also set records. 4.7MSF was delivered in Q4, bringing completions for the year to 13.3MSF. Currently, there is 11.1MSF under construction and another nearly 16MSF planned across 74 buildings. 
    On the office side, quarter-over-quarter vacancy increased to 17.4 percent. Absorption fell 326KSF in Q4. Year-end net absorption was -1.05MSF, the lowest ever recorded. There is currently 2.3MSF under construction in the area, with pre-leased space accounting for 38 percent of the total. (Source) 

    2020 Absorption CBRE fourth quarter Industrial office Q4 vacancy
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Ariz. Construction Shed 1,700 Jobs in May

    June 24, 2025

    Phoenix Delays Data Center Rezone Vote

    June 20, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Federal

    Tax Bill Would Make LIHTC Permanent

    July 2, 20250

    By National Council of State Housing Agencies (On June 16), Senate Finance Committee Chairman Mike…

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.