Family Office Briefing on research byLee & Associates·Jul 22, 2025
2025 Q2 Phoenix, AZ - Office
Phoenix office market experiences slight decline in Q2 2025 — family offices should consider co-GP opportunities with quality-focused operators.
Key Metrics
| Metric | Value |
|---|---|
| Net Absorption | -77,780SF |
| Vacancy Rate | 19.8% |
| Average NNN Asking Rate | 29.59$/SF |
| Sale Price | 194.11$/SF |
| Cap Rate | 7.20% |
Metrics extracted from the source report and independently fact-checked. Method →
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