November 22, 2024 2:58 am
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Phoenix’s big-box industrial market had strong 2017

Above: Graycor completed shell construction on the 480,000-square-foot Building III at Prologis Park Riverside, located at 55th Avenue and Lower Buckeye Road in Phoenix./AZBigMedia

AZBigMedia

Colliers International recently released its 2018 Big-Box Market Report and the Phoenix big-box industrial market had a great year in 2017, with the bulk of the tenant leasing activity, new development and building sales concentrated in the West Valley. Solid market dynamics, a good labor pool and new infrastructure development are contributing to the health of the Phoenix market. Freeway expansion of both the Loop 202 and the Loop 303 will improve access to a number of submarkets in the area and will continue to open up new industrial development opportunities. 

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