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The office construction pipeline in Phoenix is robust with more than 2.5 million square feet currently under construction. While Phoenix has a history of overbuilding—as it did in the last recession—the office construction pipeline in Phoenix is in check. In fact, a recent report from Colliers International shows that the pipeline shrunk from 2016 to 2018, and signifier that there is no cause for overbuilding.

“I think it is best to look at office space supply from a more macro prospective.  In terms of net square footage delivered, the decade ending 2010 brought the highest amount with approximately 47 million square feet of new office space.” Thomas Brophy, research director at Colliers International in Arizona, tells GlobeSt.com. “The 1980s expanded our office inventory with 44 million square feet delivered, followed by the 90s with 26 million square feet.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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