What is the average asking rent for retail space in Phoenix?

As of Q1 2026, the average asking rent for retail space in Phoenix was $20.76/SF, per Kidder.

What is the retail vacancy rate in Phoenix?

Vacancy data for Phoenix retail is aggregated from brokerage reports; refer to the quarterly table for available quarters.

Where does PropZone's Phoenix market data come from?

This report aggregates quarterly retail market data for Phoenix from Kidder, Craigtrbovich, Avisonyoung Us, Cushman & Wakefield, Lee Associates, Matthews, Colliers.

Phoenix Retail Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from Kidder, Craigtrbovich, Avisonyoung Us, Cushman & Wakefield, Lee Associates, Matthews, Colliers

Quarterly retail market indicators for Phoenix, aggregated by PropZone from Kidder, Craigtrbovich, Avisonyoung Us, Cushman & Wakefield, Lee Associates, Matthews, Colliers. As of Q1 2026, average asking rent was $20.76/SF.

Projected current retail pricing — Phoenix

low confidence

Projected asking rent

$19.00/SF/yr

Estimated sale value

$187–$236/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.3%, asking rent held flat). Assumes ~95% occupancy and a 65–82% net-operating-income margin.

Quarter	Asking rent	Vacancy	Net absorption	Under constr.	Source
Q1 2026	$20.76/SF	—	318K SF	—	Kidder
Q1 2026	$33.60/SF	7.8%	12.0M SF	—	Craigtrbovich
Q1 2026	$35.00/SF	4.5%	0K SF	—	Avisonyoung Us
Q1 2026	$19.00/SF	3.2%	0K SF	—	Cushman & Wakefield
Q1 2026	$18.36/SF	5.0%	510K SF	—	Lee Associates
Q4 2025	$26.35/SF	4.7%	—	—	Matthews
Q3 2022	—	3.7%	85.0M SF	—	Colliers

Frequently asked questions

What is the average asking rent for retail space in Phoenix?: As of Q1 2026, the average asking rent for retail space in Phoenix was $20.76/SF, per Kidder.
What is the retail vacancy rate in Phoenix?: Vacancy data for Phoenix retail is aggregated from brokerage reports; refer to the quarterly table for available quarters.
Where does PropZone's Phoenix market data come from?: This report aggregates quarterly retail market data for Phoenix from Kidder, Craigtrbovich, Avisonyoung Us, Cushman & Wakefield, Lee Associates, Matthews, Colliers.

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