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Phoenix, Arizona

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Horizon-AZ
Last Updated: 26-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 28.00 $ 37.00 $ 34.00 60.0% N/A
Class A (Prime) $ 20.00 $ 32.00 $ 26.00 16.0% N/A
Class B (Secondary) $ 14.00 $ 28.00 $ 21.00 17.0% N/A
 
Suburban Office
New Construction (AAA) $ 20.00 $ 37.00 $ 28.00 60.0% N/A
Class A (Prime) $ 18.00 $ 36.00 $ 26.00 28.0% N/A
Class B (Secondary) $ 15.00 $ 34.00 $ 22.00 23.0% N/A
 
Industrial
Bulk Warehouse $ 2.50 $ 15.00 $ 6.00 18.0% N/A
Manufacturing $ 3.00 $ 16.00 $ 7.00 13.0% N/A
High Tech / R&D $ 4.50 $ 17.00 $ 8.50 19.0% N/A
 
Retail
Downtown $ 10.00 $ 32.00 $ 19.00 15.0% N/A
Neigborhood Service Centers $ 11.00 $ 28.00 $ 17.00 13.0% N/A
Community Power Center $ 16.00 $ 38.00 $ 22.00 12.0% N/A
Regional Malls $ 25.00 $ 80.00 $ 50.00 10.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 800,000 $ 7,500,000
Land in Office Parks $ 108,000 $ 500,000
Land in Industrial Parks $ 100,000 $ 450,000
Office/Industrial Land - Non-park $ 15,000 $ 2,000,000
Retail/Commercial Land $ 10,000 $ 8,000,000
Residential $ 2,000 $ 1,500,000

 

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