Family Office Briefing on research byKidder Matthews·Apr 15, 2026
PHOENIX OFFICE MARKET REPORT - 1st Quarter 2026
Phoenix office market sees total vacancy rate at 24.0% in 1Q26 — family offices should consider co-GP opportunities with disciplined operators.
2026
Key Metrics
| Metric | Value |
|---|---|
| Total Vacancy Rate | 24.0% |
| Total Availability Rate | 25.3% |
| Direct Asking Lease Rate/SF/Yr | 31.45$ |
| Leasing Activity | 1.4M SF |
| Sales Volume | 1.6M SF |
| Net Absorption | -267K SF |
Metrics extracted from the source report and independently fact-checked. Method →
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Kidder Matthews
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