by Alyxandria Carter | Aug 23, 2024
Phoenix has cemented its position as a leader in industrial development, topping the U.S. charts with an impressive 37 million square feet of active projects. According to LGE Design Build’s latest Q3 Construction Delivery Outlook report, the city continues to thrive...
by Alyxandria Carter | Aug 23, 2024
As data centers and heavy industrial facilities relocate from remote areas to closer residential neighborhoods, they encounter new challenges, including local opposition, noise, aesthetic concerns, and environmental impacts. This shift brings these facilities into...
by Alyxandria Carter | Aug 15, 2024
SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In July, the US Consumer Price Index (CPI) rose by 0.2% from June, reversing a previous decline, while annual inflation slowed to 2.9%....
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 | Jul 31, 2024
In Q2 2024, office vacancy rates in Phoenix have risen significantly, with an increase of over 500 basis points since Q4 2019. The trend is expected to continue as pre-pandemic leases expire, with over 4 million square feet vacated since COVID-19, particularly in...
