Our Market

The Phoenix office of CresaPartners tracks local real estate market statistics by nine primary geographic submarkets—Airport Area, Central Corridor, East Phoenix, East Valley, Northwest Valley, Paradise Valley, Scottsdale, West Phoenix and Tucson — with professional staff with experience in each specific submarket.  There are significant opportunities in the Phoenix marketplace for Tenants to achieve tenant favorable lease terms, whether they are relocating or renewing and restructuring their leases. Please refer to the Phoenix Tenant's Guide for current market specifics such as average rental and vacancy rates.

The greater Phoenix marketplace has over 151,000,000 Square feet of office space, and over 270 Million Square feet of industrial space. The Greater Phoenix area has been affected by the economic downturn, but continues to have a strong mix of business activity, including a significant presence of companies and institutions in the fields of education, healthcare, back office operations, financial services, distribution, manufacturing, technology, biotech, and other professional services. Increased vacancy rates continue to make it a Tenant’s market in Phoenix providing opportunities for reduced rental rates, rent abatement, favorable lease terms, and tenant improvement dollars.

The Phoenix CresaPartners office has nearly doubled in size this past year and is expected to continue to grow. It is led by a team of principals who have a combined 39 years of experience in commercial real estate including Gary Gregg, Jonathan Keyser and Kathleen Foster and has a proven track record of providing long-term business real estate planning solutions which ultimately saves their clients’ money.   

Our Company

CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce & Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Management. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with BNP Paribas, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.