Jul 23, 2021 - Commercial Property Executive

Phoenix Market Update: Slow and Steady Development Progress

Some 1.7 million square feet of office space was under construction across the metro in June, marking a small uptick month-over-month, according to CommercialEdge data.

In June, Greater Phoenix saw few additions to its office pipeline, showing a slow and steady development trend. According to CommercialEdge data, 1.7 million square feet of office space was underway across the metro, 1.3 percent of existing stock.

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