Phoenix Industrial Market 

by Mike Hunter

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%

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