Report: Phoenix stands out as hot spot for growth opportunities

AZBigMedia

AZBigMedia

Fourteen U.S. markets — including Phoenix — stand out in a new report from CBRE as strategic options for investors in industrial and logistics real estate who are seeking growth opportunities outside of primary markets. 

These markets, which CBRE describes as strategic markets, have registered demand for industrial and logistics real estate that outpaced their supply by a collective 89 million square feet since 2013. In the same span, their industrial rents have increased by an average of 25.2 percent.

In Phoenix, 54.4 million square feet of industrial space has been absorbed since 2013, outpacing the 43.3 million square feet of new construction during the same span.

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