Phoenix Office Is Sluggish, Here's Why
May 21, 2015

The Phoenix office market has had decent momentum so far in 2015, but a space mismatch is still holding velocity back, according to Savills Studley SVP and Phoenix branch manager Tiffany Winne. "Phoenix is still dealing with a space mismatch," Tiffany tells us. That is, too much traditional office space in Downtown Phoenix and not enough tech/back office space in Scottsdale and Tempe. It's one factor in relatively tepid leasing the last two quarters (Q4 '14 and Q1 '15), which Savills Studley puts at 4M SF all together, a decline from 4.6M SF during the previous two quarters. It's a little harder for companies to find the kind of space they want, where they want it...

Phoenix Office Is Sluggish, Here's Why

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