Phoenix has established itself as one of the most in-demand industrial markets in the country over the past few years. A robust development pipeline combined with intense investor demand caused 2021 sales volume to reach an all-time high. Bolstered by e-commerce and logistics, the need for warehouse space is outpacing supply, creating a competitive investment market. Phoenix has also become a U.S. hub for data centers, due to the state’s business-friendly tax policies and the decreased chance of natural disasters. All these sectors have drawn out-of-state investors to the area in search of high yields compared to neighboring California. Overall, Phoenix industrial is ramping up supply to match the ongoing demand across the Valley.
12 Apr 2022
Phoenix, AZ Industrial Market Report Q1 2022
Category: Industrial
Tags: Industrial, market report, Phoenix, Q1 2022
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