After a period of uncertainty, confidence is returning to Phoenix’s commercial real estate market.

According to Arizona State University’s Center for Real Estate and Finance’s latest Commercial Broker Sentiment Index, or CBSI, the Valley posted a reading of 62.7 — signaling the strongest confidence level among brokers since interest rates began rising.

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The index, which serves as a forward-looking indicator of market health, suggests that Phoenix’s real estate professionals are seeing brighter prospects ahead and expect continued improvement into 2026.

Developed from more than a decade of broker survey data, the CBSI measures how local industry experts view the next six months in terms of leasing, sales an

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