By Mike Sunnucks | Rose Law Group Reporter
Phoenix ranks as one of the most attractive U.S. markets for industrial real estate.
That is according a new 2020 Industrial Pipeline study from Commercial Café.
Phoenix ranks as the 7th most attractive industrial market this year. The rankings are based on how much new industrial and warehouse space is scheduled to deliver in 2020.
Metro Phoenix is scheduled to see 45 new industrial project this year totaling 8.3 million square feet. The largest new project is the 790,890-square-foot HUB development in Goodyear. That project is owned by Clarius Partners and will deliver in March.
Southern California’s Inland Empire ranks as 2020’s top industrial market with 26 million square feet of new industrial deliveries this year across 84 projects. The new space equates to 400 football fields.
Dallas, New Jersey, Chicago, Houston and Charleston, South Carolina rank 2nd through 6th for new industrial space, according to the research.
The West Valley continues to see significant industrial growth. There are also new data centers being built across the Valley led by Microsoft in Goodyear and Google in Mesa being built in the Phoenix market.