According to the 2020 Industrial Pipeline study recently released by COMMERCIALCafé, a nationwide commercial real estate listings platform, Phoenix is the seventh-most attractive market for industrial development in 2020, with 45 projects totaling roughly 8.3 million square feet expected to come online this year.
Last year, industrial property construction added 144 million square feet across 441 properties. Property completions are set to increase this year by 29 percent compared to 2019 — to 186 million square feet across 627 properties.
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