A renovated 20-story office tower on Central Avenue sold for $15 million — about half its 2019 price — underscoring declining office values amid soft demand. The 317,000-square-foot building is 63% occupied, largely by government tenants. The sale comes as other Midtown properties see tenant reshuffling and discounted acquisitions in a shifting commercial market.
Source: https://www.bizjournals.com/phoenix/news/2025/11/12/midtown-office-tower-sale-phoenix-cotterkey.html
