AZBigMedia
Speculative development will provide much-needed space solutions as Phoenix’s industrial inventory tightens, says the Phoenix office of JLL in its just-released Q1 2018 Industrial Insight report. According to the report, although the Valley’s 1.3 million square feet of Q1 industrial absorption is light compared to the gains of 2017, strong demand remains – including more than 100 industrial tenants each looking for at least 100,000 square feet of local space.
JLL says that Phoenix’s current industrial inventory offers only enough contiguous space to accommodate less than half of these requirements.
