How Phoenix ranks among U.S. industrial markets

By AZ Big Media

For the Q4 2024 industrial markets ranking report, CommercialCafe looked at key performance indicators across 30 major industrial markets in the U.S., tracking them each quarter. Markets are ranked based on several metric categories: vacancy, pipeline, average rent, upcoming loan maturities, and quarterly shifts in online searches for industrial space. Happily for Arizona, Phoenix ranked first among industrial markets in the fourth quarter of 2024.

Here are some of the key highlights:

Phoenix boasted 1st place among industrial markets in Q4 2024, scoring top marks in three different metrics, all testament to the market’s ongoing expansion.

  • Phoenix delivered 7.16 million square feet of industrial space in 2024’s last quarterplacing 1st for this metric.
  • The market also placed 1st for its expansion of industrial stock through Q4 deliveries (1.88%).

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