Tag Archives: Industrial statistics

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

Phoenix Q2 Industrial Recap: An unexpected turn of events

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Industrial RecapIn Q2, Phoenix’s industrial market experienced an unexpected turn of events as vacancy rates increased slightly and net absorption dropped off in the second quarter. Even though the industrial market is supported by a quickly recovering Phoenix economy as well as over 10 to 12 million square feet of requirements actively touring the market, this quarter saw the market take… Read More