Market Trends
- The Phoenix industrial market continues to be one of the hottest in the country with a record amount of product under construction and asking rental rates at all-time highs.
- The region’s data center market is experiencing heightened demand since Arizona extended the tax incentive for data center development in 2021 for another 10 years.
- Industrial rents in Phoenix are nearly 50% lower than in Southern California, which is making it attractive for business relocations.