Lee & Associates Arizona reports the Phoenix industrial market continues its positive momentum after a record year in 2017, with 1,359,837 square feet of positive absorption in Q1 2018.
- Vacancy dropped to 7.5 percent from 7.8.
- A total of 13 buildings were delivered in Q1 2018, totaling 917,028 square feet.
- Who is buying industrial in the Valley:
- REIT/Public – 41%
- Private – 28%
- User – 19%
- Institutional – 12%
