As the Metro Phoenix office sector approaches year end, market indicators continue to show slow but steady improvements. With vacancy rates continuing to decline and rental rates steadily increasing, 2014 has lived up to the predictions as a year of positive transition. With 599,262 SF delivered this quarter, the largest total delivery since the beginning of 2012, and over 2.4 million SF still under construction, the positivity continues as the sector ramps up for a busy 2015.
