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Phoenix Market Update: Office Vacancies Plateau

July 29, 2021 - Commercial Property Executive

The average vacancy rate showed only a 10-basis-point uptick month-over-month across the metro in June, according to CommercialEdge data.

Greater Phoenix’s office vacancy held steady at 18.0 percent in June, according to CommercialEdge information, showing just a 10-basis-point uptick month-over-month. The figure remained higher than the national rate of 15.6 percent, and held steady month-over-month.

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