The market has delivered 1,832,881 square feet of space in Q2 – double the amount of Q1 deliveries – while continuing to inch toward record low vacancy rates. Learn about the key trends impacting the industrial market by viewing our new digital stats landing page.
Report highlights include:
- The Southwest Valley dominates: While the overall market performed well in Q2, there is no doubt that the Southwest Valley took the reins accounting for 48.1 percent of Metro Phoenix deliveries.
- e-commerce activity rises in Phoenix: Phoenix has often been dominated by large logistics and distribution users, however, 2018 has attracted sizable e-commerce tenants to Phoenix’s West Valley.
About the author
Rudolph “Nick” Perez is a market analyst in Phoenix, responsible for tracking and analyzing all local real estate market fundamentals. He works closely with brokerage and support professionals throughout the western region as well as colleagues throughout the global JLL organization to provide best-in-class research that differentiates JLL.