Strong leasing and inventory reductions fuel Phoenix office market health
The Greater Phoenix office market continues its post-pandemic recovery with strong leasing and a decline in total inventory as obsolete buildings are re-purposed. A recent report from Colliers documenting the first quarter 2026 shows positive net absorption for a second consecutive quarter. The Phoenix market is experiencing tremendous economic growth from manufacturing and technology, which is now spilling over into the office market. Strong leasing activity, along with the…»
From stalled to rising: One Camelback moves closer to reality
After years of speculation and a high-profile ownership reset, One Camelback is no longer a question mark on the Uptown skyline. It is a construction site in motion. Kinella Capital, LLC, led by developer TK Stratton, has reached several key milestones at the long-stalled office-to-residential conversion, signaling that one of Phoenix’s most talked-about projects is firmly back on track for a fourth quarter 2026 completion. “The progress happening right now is what people have been…»
California electrical contractor to open regional headquarters in Chandler
The country’s largest employee-owned electrical contractor acquired a Chandler medical building to turn into its new regional headquarters. San Jose, California-based Rosendin Electric, Inc. bought the two-story 100,622-square-foot building at 1450 S. Spectrum Boulevard within the Allred Park Place office campus. It’s near the Loop 202 and Loop 101 interchange, and just north of offices occupied by Northrop Grumman Corp. Rosendin bought the building May 1 for $17.7 million, according…»
Phoenix moves up in national ranking of best sports cities amid venue boom
With 14 professional sports venues within an hour’s drive – a higher concentration than any city in the world – as well as multiple new or renovated college facilities, not to mention one of the world’s largest amateur sports complexes and enviable weather, Phoenix has amassed a diverse hosting resume. The Valley has been the site for multiple Super Bowls, most recently in 2023, and NCAA Division I Men’s Final Fours; a CFP National Championship; the 2024 NCAA Convention; the…»
‘Very Thin’ Retail Pipeline Starts To Wane Tenant Demand
Scarcity continues to define the retail real estate market, with constrained development pipelines and elevated replacement costs keeping available space near historic lows even as demand conditions soften, according to new data from CoStar Group. Net absorption has declined in three of the past five quarters, signaling a moderation in demand momentum. Yet availability has remained stubbornly tight — holding roughly 15% below its 10-year average — underscoring how limited…»
