The Phoenix industrial market has one of the most aggressive development pipelines in the country, with over 50 million square feet currently underway. This is a stark increase from the historical norm and well above the level seen during the run-up to the global financial crisis, when under construction activity peaked at 13 million square feet.
Speculative Industrial Development Ramps Up in Phoenix
Record Construction Activity Could Pose Supply Risk
CoStar Analytics
October 3, 2022 | 9:17 P.M.
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IN THIS ARTICLE
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