Exploring the Valley’s Resilient Commercial Market, Growing Demand for Flexible Spaces, and Strategic Investment Opportunities

What You’ll Learn From CRE Leaders At This Event:

• In Q4 2024, leasing activity dropped by 1.5% from Q3 but rose by 21.6% year-over-year. What factors contribute to the significant year-over-year increase in leasing activity, especially in submarkets like Tempe and Scottsdale?
• In December 2024, the average asking rent in Phoenix decreased slightly to $28.39/sf, while national rents increased to $33.11/sf. How do these trends impact Phoenix’s competitiveness in attracting both national and regional tenants in 2025?
• Coworking spaces in Phoenix reached 2.8 million square feet in 2024, surpassing Austin and the Bay Area. What role do coworking spaces play in Phoenix’s office market, and how are landlords adapting their office portfolios to include more flexible workspaces?
• How do experts foresee the future of office design in Phoenix’s market, particularly as businesses continue to seek workspaces that foster collaboration, well-being, and innovation in response to shifting work trends?
• Given that smaller office buildings (20,000–50,000 sf) are outperforming larger properties with a vacancy rate of just 16.5% compared to 30.4% for larger spaces, what factors are contributing to the continued desirability of smaller office spaces, and how can landlords capitalize on this trend in 2025?