CoStar says it best: “Industrial is the most in-demand product type in Phoenix, with no end in sight for growth.”
We see this demand reflected in every conversation we have with owners, tenants and investors. It’s proof that pandemic-
CoStar reports: “Industrial tenants are searching for more space in the Phoenix market than they ever have before.”
Last year was historic for the Phoenix industrial market – both for net absorption and new construction. And the momentum continues in 2021.
For owners, high demand means a steady flow of interested tenants and the opportunity for rent growth. For those considering a building sale, high demand brings an equally welcome benefit: high values.
In many boom markets, strong fundamentals can lean heavily in favor of owners and landlords. Fortunately for Phoenix, our record-high industrial construction, growing population and continued affordability also make the Valley a superior place for expansion and relocation.
The bottom line: the Phoenix industrial market is growing in stature on all fronts, like never before.
Whether you’re an owner, landlord or tenant, Citywide can help you get to where you want to be. Contact us today for a one-on-one discussion about our market’s exponential opportunities!