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Industrial Developers Are Busier Than Ever in Metropolitan Phoenix

CoStar Insight: Two Submarkets Account for More Than Half of Phoenix’s Industrial Construction
Development is underway on a 700,000-square-foot build-to-suit facility for Red Bull, Ball Corporation and Rauch Fruit Juices at Reems Road and Peoria Avenue in Glendale, Arizona. (CoStar)
Development is underway on a 700,000-square-foot build-to-suit facility for Red Bull, Ball Corporation and Rauch Fruit Juices at Reems Road and Peoria Avenue in Glendale, Arizona. (CoStar)
By Jessica Morin
CoStar Analytics
March 12, 2020 | 9:30 AM

Industrial construction has reached an all-time high in Phoenix, and more than half of the space is in two submarkets alone — Glendale and Goodyear. About 17.3 million square feet is under construction marketwide, ranking Phoenix sixth among U.S. markets for space underway. An estimated 15 million square feet is expected to deliver by year-end.

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