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Retail Property Asking Rent – Lease Trends

December 13, 2012 by Nick Miner, CCIM   No comments   Filed Under: Research

Commercial Real Estate
Phoenix, AZ Market Trends

The average asking lease rate for retail properties in the metro area was $14.16 per square foot for the month. This is down 5% from the previous year, and down 0.7% from the end of the second quarter of 2012. Asking lease rates for retail properties have fallen to a new three-year low this month. Prior to this, the record three-year low was last month at $14.19. Source - LoopNet

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Nick Miner, CCIM

ORION Investment Real Estate
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Suite 425
Scottsdale, AZ 85251

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