Phoenix ranks No. 1 among industrial markets in the U.S.

By AZ Big Media

So far this year, stabilization has been the word for industrial real estate and industrial markets in the U.S. Considerable reshoring tailwinds are contributing to a surge in manufacturing development. And as more domestic manufacturing facilities near completion in key markets, secondary development from support operations is sure to follow.

To capture the current trajectory of this sector, we ranked the country’s top industrial markets in Q3 2024 after analyzing them based on key indicators — vacancy rates, development pipelines, rental trends, loan maturities, and search activity — using commercial real estate data and research from CommercialEdge and Yardi Matrix, as well as analysis of Google search trends.

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