The Southwest has continued to drive industrial growth over the past 12 months. Dallas-Fort Worth and Phoenix have both emerged as national leaders in demand, reporting 29 million and 20.7 million square feet of net absorption.
CoStar Insight
Dallas and Phoenix lead the nation in industrial demand
Data center-related move-ins and traditional logistics users drive recent activity
CoStar Analytics
June 3, 2026 | 8:32 P.M.
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