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...
by Alyxandria Carter | Aug 17, 2023
The Phoenix industrial market is beginning to normalize as the sector transitions from the boom seen in the years following the onset of the pandemic to a more typical trajectory. Phoenix maintains its position as a relatively affordable market for its size. Rents...
by Alyxandria Carter | May 25, 2023
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