Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Arizona (MEDLISPRIPERSQUFEEAZ) from Jul 2016 to Feb 2025 about AZ, square feet, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Phoenix-Mesa-Scottsdale, AZ (CBSA) (MEDLISPRIPERSQUFEEYY38060) from Jul 2017 to Feb 2025 about Phoenix, AZ, square feet, listing, median, price, and USA.

The average annual rent for manufacturing space in Phoenix, Arizona, rose in 2024. In the first quarter of the year, the rental cost amounted to nearly 14.35 U.S. dollars per square foot. That was higher than the average rent for manufacturing space in the United States.

The average rent for warehouses and distribution centers in Phoenix, Arizona, has increased year-on-year since 2018. In the first quarter of 2024, the average rent amounted to 12.72 U.S. dollars per square foot. That was above the average warehouse rent in the United States.

In the last quarter of 2024, San Francisco, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Maricopa County, AZ (MEDLISPRIPERSQUFEEYY4013) from Jul 2017 to Dec 2024 about Maricopa County, AZ; Phoenix; AZ; square feet; listing; median; price; and USA.

As of the third quarter 2024, New York had some of the highest construction costs for center retail shopping facilities, at about 518 U.S. dollars per square foot. Meanwhile, Phoenix had one of the lowest costs in the country, with an average cost for the construction of a retail strip would average about 158 U.S. dollars per square foot in Denver. Changing retail construction After several years in a row of falling spending on new retail real estate, the value of the retail construction in the U.S. by the private sector has risen significantly between 2021 and 2023. The south was the U.S. region with shopping center real estate under construction at significant distance from the West of the country.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Pinal County, AZ (MEDLISPRIPERSQUFEE4021) from Jul 2016 to Dec 2024 about Pinal County, AZ; Phoenix; AZ; square feet; listing; median; price; and USA.

Among the 30 markets with the largest inventory of industrial and logistics real estate, Orange County, CA had the lowest vacancy rate of one percent in the first quarter of 2024. Chicago, IL, the largest market by total inventory, ranked 13th, with 4.6 percent of industrial and logistics real estate vacant. Phoenix, AZ, was the market with the highest rate at almost 11 percent. Overall, the share of vacant industrial and logistics properties has increased since 2022.