Phoenix Q4 2021 Industrial Market Report
The past two years have been the busiest years on record for the Phoenix industrial market, with no signs of slowing down in the near future. The Valley’s fast-growing consumer base, along with the national consumer’s continuing shift away from brick-and-mortar retail to online, has generated increased demand for industrial space. Approximately 35 million consumers can be reached within a single day’s drive from the Phoenix metro area – offering the market a strategic competitive advantage and fueling the demand for industrial space.
Additionally, the low cost of doing business and the proximity to major regional markets, the Phoenix industrial market is also experiencing increased investor activity. Arizona’s tax incentive for data center development, combined with a robust and growing power grid, has led Phoenix to become one of the most active data center markets in the United States.
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