Phoenix Retail Figures Q4 2023

February 1, 2024 5 Minute Read

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‒The Phoenix retail sector recorded 45,527 sq. ft. of positive net absorption and 1,210,765 million sq. ft. of gross absorption in Q4 2023.


‒Vacancy remained flat at 5.3%, representing a year-over-year decline of 90 basis points bps.


‒New deliveries totaled 58,019 sq. ft. while over 385,000 sq. ft. remained under construction.