The Phoenix metropolitan area is a vibrant economic hub and the second fastest growing MSA in the nation with over 4.9 million residents. The Valley of the Sun remains attractive b
Our office builds real advantage for clients by offering the most integrated array of portfolio services available
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CBRE Phoenix has served the Valley since 1952, becoming an industry leader in the dynamic Phoenix commercial real estate market. Over the past six decades, we’ve earned a reputation as a leader in the local community through our ability to anticipate critical market trends and establish lasting relationships with our clients and business partners.
Our office builds real advantage for clients by offering the most integrated array of portfolio services available. Our experienced sales professionals are able to leverage these integrated services to flawlessly perform strategic planning, negotiate complex lease agreements and streamline design and construction.
Our approach is strategic rather than merely transactional. We take care to assess a client's real estate portfolio requirements on a company-wide scale, then apply our findings to deliver results that surpass expectations.
CBRE Opens State of the Art Workplace360 Office in Phoenix
CBRE announced the opening of its new state-of-the-art office at the mixed-use campus The Esplanade in Phoenix. The new office is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to workplace strategy designed to promote flexibility, mobility and productivity through technology-enabled, 100 percent free-address and paperless offices. The Phoenix office is CBRE’s largest Workplace360 office in the world, at 75,000 square feet.
In the free-address space, employees are no longer tethered to assigned desks or cubicles, but instead can choose from a variety of collaborative and private work settings that align with their changing needs throughout the day. Set up for plug-and-play, work stations are equipped with dual monitors and “follow-me” phones, and employees can adjust the height of the workstation to sit or stand with a touch of a button. The office is also outfitted with technology that allows employees to share and access files from home, a coffee shop or anywhere in the world.
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The Greater Phoenix Tech Story
Greater Phoenix is an emerging tech market. The region is sought after for its talent.
Press Releases
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CBRE announced the hiring of Spencer Nast as Vice President to join its market-leading office leasing division in Phoenix. He will be partnering with Bryan Taute and Charlie von Arentschildt.
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Press Release
KB Investment Development Acquires 280-Unit Apartment Property in Central Phoenix – CBRE
CBRE facilitated the sale of Green Leaf Arts District, a 280-unit apartment property in Phoenix, to KB Investment Development for an undisclosed sum.
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Press Release
Local Investment Group Acquires 86-Unit Multifamily Property in Phoenix for $26.7 Million
CBRE announced the sale of The Willow, an 86-unit multifamily property in Central Phoenix, to an in-state investment group for $26.7 million.
Research Reports
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Rent growth in Phoenix saw an increase of 5.4% from the prior year. Vacancy in the first quarter of 2022 landed at 6.1%. Year-over-year vacancy decreased 190 basis points (bps).
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A comprehensive look into the Q1 2022 Phoenix office market.
The Future Of Work
Our latest data, insights and solutions to understand, anticipate and influence how we will work in the future.

2022
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2022 U.S. Real Estate Market Outlook
Despite uncertainty from the omicron variant and other risks, a growing economy will fuel demand for space and increase real estate investment across all property types. Explore CBRE’s outlook for 2022.
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