Wednesday, June 10, 2026
Family Office Briefing on research bySavills·May 1, 2024

Phoenix Q1 2024 Market Report

Phoenix commercial real estate market shows strong leasing activity in Q1 2024 — family offices should consider co-GP opportunities with disciplined operators.

PhoenixArizonaQ1 2024

Key Metrics

MetricValue
Availability Rate27.6%
Asking Rental Rate30.34psf
Class A Asking Rental Rate32.59psf
Quarterly Leasing Activity1.6msf
Available Sublease Space7.1msf

Metrics extracted from the source report and independently fact-checked. Method →

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