Family Office Briefing on research byKidder Matthews·Apr 5, 2024
Phoenix Retail Market Report - 1st Quarter 2024
Phoenix retail vacancy rate at 4.6% in 1Q24 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 4.6% |
| Average Asking Rents | 1.53$/SF |
| Under Construction | 2,953,514SF |
| Average Sales Price | 239$/SF |
| Average Cap Rate | 6.0% |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Kidder Matthews
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