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United States | Phoenix, AZ

Report | Phoenix Office Insight - Q4 2015

Summary

New construction led the majority of positive net absorption gains in Q4 2015, with more than a million square feet of absorption being concentrated in just eight buildings. Overall, Q4 saw the largest single-quarter net absorption gain in nearly a decade.

The major challenge for developers going forward is adapting traditional office space in the CBD to suit tech companies who want a more modern atmosphere. Fortunately, areas like the Phoenix Warehouse District have taken on the challenge and are becoming new urban centers attractive to younger workers.

Learn more about what’s happening—and what we expect to occur in the coming months—across Phoenix’s office market in our Q4 US Office Insight.

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