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Just saw a report that office vacancy in Phoenix hit 25% this quarter

I was reading a market report from a local brokerage firm and that number really jumped out at me. It's way higher than I expected given all the talk about people moving to Arizona. Are other markets seeing this kind of disconnect between population growth and office demand?
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2 Comments
victor_lane60
That 25% Phoenix vacancy is wild. Guess all those new residents are just working from their pool floats.
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grant_gibson
My buddy's place in Mesa has been empty for months.
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