Sales volume for Phoenix commercial real estate properties increased 13% year over year to about $14 billion in 2025. This marks the second consecutive year with accelerating deal flow, building on 2024’s 33% gain.
CoStar Insight
Phoenix commercial real estate sales accelerated in 2025
Retail led all property classes in growth, but industrial retained top spot for volume
CoStar Analytics
March 6, 2026 | 6:55 P.M.
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