December 22, 2024 1:44 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

2020 marks best year for industrial market in Phoenix history

By Real Estate Daily News

Phoenix, Arizona – The Greater Phoenix industrial market posted its largest amount of net absorption in history during 2020. The city posted 13.9 million-square-feet of net absorption during 2020, 7.0 million of which were absorbed in fourth quarter. The surge in demand has been created by out-of-state companies entering the Arizona market, as well as increased need for industrial space due to a shift to online purchasing during the pandemic.

In addition, Greater Phoenix posted its largest delivery of new product in a single quarter during fourth quarter 2020,a remarkable 6.5 million-square-feet of new industrial space came online. This included the Valley’s first speculative project larger than 1 million square feet, which was developed by Tratt Properties in the West Valley.

READ ON:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.