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Regional Summaries

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Phoenix, AZ

Apartment
The Phoenix apartment market vacancy rate ended 2018 at 4.8%, up 10 basis points overall for the year. The first quarter of 2019 saw the rate slip to 4.6%. At $1,064 and $1,006 per month, still below national averages, asking and effective averages for the first quarter were up 0.9% each for the period. Asking and effective averages grew at rates of 8.3% and 8.8% in 2018—following gains at about 5.0% in each of the previous two years. VIEW APARTMENT LISTINGS >
Industrial
The first quarter 2019 vacancy rate in the 151.1-million-square-foot metro Phoenix warehouse/distribution market remains relatively elevated at 14.4%, following an increase on the order of 110 basis points through 2018. At $6.08 psf and $5.57 psf, first quarter asking and effective averages represented strong gains of 1.2% and 1.5% for the period following increases of 3.1% and 3.0% all told last year. Vacancy in the 32.3-million-square-foot Phoenix Flex/R&D space market ended the first quarter of 2019 at 15.6%, down fully 160 basis points from a quarter earlier following a gain of 140 all told last year. At $10.98 psf and $9.79 psf, first quarter average asking and effective rates for Flex/R&D space as reported by Reis represented gains of 0.7% and 1.2% for the period after increases of 1.2% and 0.7% through 2018. VIEW INDUSTRIAL LISTINGS >
Office
Reis put Phoenix’s general purpose, multi-tenant office market first quarter 2019 vacancy at 22.6%, down 10 basis points from a quarter earlier following a loss of 20 through last year. First quarter average asking and effective rents were $26.14 psf and $20.46 psf, up 0.5% each for the period following increases of 2.8% and 2.9% all told last year—following gains of 2.1% and 2.4% the year before. VIEW OFFICE LISTINGS >

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Opportunity Zones & Taxes

Opportunity Zones & Taxes

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CBC Blue Book

CBC Blue Book

The CBC organization is proud to present its’ 2018 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the CBC organization from all over the world.

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Market Report: Student Housing

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CBC Infographics

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Shopping In-store vs. Online Shopping

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Commercial Real Estate & Technology: The Generational Divide

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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