MAPS & FACTS™ UNLIMITED, INC. specializes in GIS (Geographic Information System) produced, architectural, driven, based, demographic, educational, and real estate maps to home buyers, brokers, developers, attorneys and lenders.
Map of the Month – January 2019
Valley-Wide Class "A" Vacancy (Q4 2018)
Periodically, Maps & Facts focuses on office vacancy. Our last map was a2Q 2016 Map of the Month. As shown on this month’s map and as compared with our 2Q 2016 map, the office market has improved dramatically. (Though effective rents haven’t increased significantly: yet.)
Forty-one (41) new buildings have been added and about 1,000,000 ft.˛ net have been absorbed. The Valley-wide vacancy rate declined from 16.2% to 13.6%
Central Scottsdale added 7 buildings. Chandler added 6. Tempe’s vacancy improved from 6.57% in 2Q 2016 to 4.3% in 4Q 2018 with 4 additions to inventory. Deer Valley/Airport declined from 7.8% to 3.4% with 3 buildings added to inventory.
Gateway/Airport/ Loop 202 showed the biggest percentage increase going from one (1) Class A building in 2Q 2016 to three (3) in 4Q 2018 with only a 5.1% vacancy rate!