Population Growth Pushes Phoenix Office Vacancies To Record Lows

KJZZ   |   Heather van Blokland

Posted In — News & Press | In the News

Office vacancies hit record lows last year in the Phoenix metro area, a sign that population growth is not spreading out but piling up. Population growth and a growing labor pool are the main reasons, according to analysis by Kidder Mathews real estate, which collected data on increasing density in the workplace across the metro area. It showed leases for office space hit post-recession highs in 2019 in the Phoenix metro.

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