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Phoenix Q2 2026 Office Market Report
"Asking rents increased 2.8% year over year to $31.41 per square foot (psf). Class A rents climbed 5.0% to $34.60 psf, underscoring strong demand for quality space."
We pride ourselves on our in-depth commercial real estate research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right real estate decisions.
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"Asking rents increased 2.8% year over year to $31.41 per square foot (psf). Class A rents climbed 5.0% to $34.60 psf, underscoring strong demand for quality space."
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"Availability declined 290 basis points year over year to 19.2%. While stillelevated, conditions are improving as leasing activity increases."
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"Second quarter activity continues to firm up the Calgary market"
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"Occupier demand remains resilient as market enters a more balanced phase"
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"Miami industrial market enters a new phase of stabilization"

"Positive absorption and strong leasing activity signal rebound"



"L’absorption positive et l’activité locative soutiennent la reprise"
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"Vacancy remains elevated compared with one year ago"
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"Industrial market recovery continues as vacancy declines"
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"Vacancy reaches a cycle high as occupier demand turns negative"