Healthcare, professional services, and finance sustain demand in Phoenix’s evolving office market

Phoenix office data bite August 2024_Chart
  • In the past two years, the healthcare sector has maintained a robust presence in the Phoenix office market, with over 518,000 square feet of move-ins across properties larger than 20,000 square feet.
  • The professional services and finance sectors have also been active, with engineering firms like Kimley-Horn and financial institutions such as The Vanguard Group, BMO, and LPL Financial signing significant leases. This continued activity highlights the essential need for traditional office environments in these industries for in-person collaboration and a dedicated physical presence.

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