Phoenix office development is on the rise, according to this month’s Office Report from CommercialCafe.

Key Takeaways

The national office vacancy rate was 18.6% in September , following another dip of 80 basis points year-over-year.

The national office listing rate averaged $32.79 per square foot in September, which marked a 0.3% slip from the previous year.

The office supply pipeline remained modest at the start of October with a little more than 38 million square feet of office space currently under construction .

Manhattan, N.Y., topped the list for YTD sales through September in terms of dollar volume ($5.5 billion), followed by the Bay Area ($4.3 billion) and Washington, D.C. ($3.2 billion)

Miami and Manhattan tied for the lowest vacancy rates in September

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