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Phoenix, Arizona

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Last updated: 26-Oct-2009

* Click on each category for a detailed definition.

	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	$ 28.00	$ 37.00	$ 34.00	60.0%	N/A
Class A (Prime)	$ 20.00	$ 32.00	$ 26.00	16.0%	N/A
Class B (Secondary)	$ 14.00	$ 28.00	$ 21.00	17.0%	N/A

Suburban Office
New Construction (AAA)	$ 20.00	$ 37.00	$ 28.00	60.0%	N/A
Class A (Prime)	$ 18.00	$ 36.00	$ 26.00	28.0%	N/A
Class B (Secondary)	$ 15.00	$ 34.00	$ 22.00	23.0%	N/A

Industrial
Bulk Warehouse	$ 2.50	$ 15.00	$ 6.00	18.0%	N/A
Manufacturing	$ 3.00	$ 16.00	$ 7.00	13.0%	N/A
High Tech / R&D	$ 4.50	$ 17.00	$ 8.50	19.0%	N/A

Retail
Downtown	$ 10.00	$ 32.00	$ 19.00	15.0%	N/A
Neigborhood Service Centers	$ 11.00	$ 28.00	$ 17.00	13.0%	N/A
Community Power Center	$ 16.00	$ 38.00	$ 22.00	12.0%	N/A
Regional Malls	$ 25.00	$ 80.00	$ 50.00	10.0%	N/A

Development Land	Low (Price/Acre)	High (Price/Acre)
Office in CBD	$ 800,000	$ 7,500,000
Land in Office Parks	$ 108,000	$ 500,000
Land in Industrial Parks	$ 100,000	$ 450,000
Office/Industrial Land - Non-park	$ 15,000	$ 2,000,000
Retail/Commercial Land	$ 10,000	$ 8,000,000
Residential	$ 2,000	$ 1,500,000