Figures

Phoenix Office Figures Q4 2025

January 8, 2026 5 Minute Read

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‒Phoenix experienced 749,729 sq. ft. of positive net absorption in Q4 2025.
‒The vacancy rate dropped 140 basis points, finishing at 20.4%.
‒The average full-service gross direct asking lease rate decreased 1.3% quarter-over-quarter to $31.33 per sq. ft.