Phoenix Q3 2021 Industrial Market Report

Phoenix has become one of the most active data center markets in the country due to the Computer Data Center (CDC) Program tax incentive, a robust and growing power grid, and limited occurrence of natural disasters. Institutional and private out-of-state investors have been behind some substantial transactions over the past few quarters which have bolstered sales. The low cost of doing business and proximity to major regional markets, particularly in California, continues to draw industrial tenants to Phoenix.

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