by Alyxandria Carter | Oct 30, 2024
The Phoenix industrial market is undergoing a major shift moving into the fourth quarter of 2024, marked by a surge in new development that has pushed vacancy rates to 11.7%, up from just 4.1% in mid-2022. This rise in vacancies, especially in properties over 100,000...
by Alyxandria Carter | Jul 31, 2024
In Q2 2024, Phoenix’s industrial vacancy rate rose to 10.6%, driven by a surge in new developments, with over 43.8 million square feet delivered in the past year. Demand from logistics, construction, and manufacturing sectors remains strong but hasn’t kept...
by Alyxandria Carter | May 1, 2024
Phoenix’s industrial sector has seen a surge in development, with a record 39.5 million square feet of new space delivered over the past year, pushing the vacancy rate from 4.2% in mid-2022 to 10.0% by Q2 2024. Despite this, demand remains strong, particularly...
by Alyxandria Carter | Feb 5, 2024
In the fourth quarter of 2023, the Phoenix Industrial market grapples with a significant supply surge, as over 23 million square feet were delivered in the latter half of the year. This influx, surpassing the combined completion total of 2017 to 2019, has caused...
by Alyxandria Carter | Nov 6, 2023
Over the past 12 months, the Phoenix industrial market recorded 17.5 million SF of net absorption, compared to an average of about 8 million SF per year from 2015 to 2019. Builders, meanwhile, completed a record 27.3 million SF over the past year, contributing to an...
