Author Archives: Kiana Cox

Arizona’s GDP growth ranks No. 6 nationally

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According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 6 nationally for annual gross domestic product (GDP) growth in the first quarter of 2016, ahead of California, Nevada and Texas.

Arizona’s GDP growth of 2.6… Read More

New industrial construction driving rental rate increases across Phoenix

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AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

The increase in new industrial development seen in the last few years has added quality, functional Class A space to the market, and tenants are willing to pay premium rental… Read More

State income required to amortize state debt over the next 30 years

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COW_Phoenix_economy_July 18 2016-Cropped

Arizona ranked the 8th lowest nationally in regards to what percentage of state income must be devoted to debt in order to amortize the liability over 30 years.

Three of the four states that scored the worst in this ranking, Connecticut, Kentucky and Illinois, already have effective tax rates that are among the highest in the country.

Source: Azgovernor.gov, Governing Magazine, J.P. Morgan… Read More

Phoenix’s Northwest submarket poised be the next industrial hot spot – Q2 Industrial Insight Report

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The Northwest is Phoenix’s third-smallest industrial submarket behind 51 Corridor and Scottsdale, but it is posting big activity, attracting two of the largest owner-built facilities of the year:

  • REI — A 400,000 square foot fulfillment warehouse in Goodyear
  • IRIS USA — A 384,373 western regional headquarters in Surprise

Both REI and IRIS praised the cities of Goodyear and Surprise, attributing business-friendly environments and “holistic communities” as reasons for locating in the Northwest. But the… Read More