Arizona Economic Dashboard
Real Estate
The real estate sector plays a critical role in Arizona’s economy as an important driver of prosperity and economic growth across the state. During the Great Recession, Arizona’s housing market and commercial real estate sectors were key indicators of overall economic health, and experts anticipate that they will be key indicators during the post COVID-19 recovery.
Net Absorption
This is a measurement of the net change of the supply of commercial space in a given real estate market over a specific period of time. It is measured by deducting commercial space vacated by tenants and made available on the commercial space market from total space leased.
Data below reflects Phoenix Metro.
Source: CBRE Research
Vacancy
The percentage of unoccupied buildings in a given real estate market.
Data below reflects Phoenix Metro.
Source: CBRE Research
Thank you to CBRE for providing real estate data!
Housing Starts
This is the number of new residential construction projects in Arizona that begin during any particular quarter.
Source: Oxford Economics and CBRE Research
Permits Issued
The number of residential building permits issued in Arizona during any given quarter.
Source: Oxford Economics and CBRE Research
Housing Price Index
The measurement of the price change in housing sales across Arizona by quarter.
Economy
Economic metrics provide a snapshot of the status of Arizona’s economy and tracks progress toward economic recovery.
Real Estate
Arizona’s housing market and commercial real estate sectors will be key indicators during the post COVID-19 recovery.
Workforce
Monitoring workforce, job creation and retention, and talent pipeline data is fundamental to supporting the economy.
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