Phoenix 2022 Q4 Industrial Market Report

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Market Trends

  • The ongoing growth in manufacturing throughout Phoenix has continued to build momentum and stimulate industrial demand over the past two years. 
  • Data centers have become a main attraction for the Phoenix market due to tax advantages, strong power grid and relatively affordable land. 
  • With the construction pipline starting to outpace demand, upward pressure on vacancy and downward pressure on rental rates is likely to continue in the coming months.

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