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JLL: Current inventory supports only 50 percent of industrial demand

Posted by   /  April 18, 2018  /  Real Estate  /  No Comments

AZBigMedia Speculative development will provide much-needed space solutions as Phoenix’s industrial inventory tightens, says the Phoenix office of JLL in its just-released Q1 2018 Industrial Insight report. According to the report, although the Valley’s 1.3 million square feet of Q1 industrial absorption is light compared to the gains of 2017, strong demand remains – including more than 100 industrial […]

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Greater Phoenix industrial vacancy drops to lowest level in 10 years

Posted by   /  January 29, 2018  /  Real Estate News Briefs  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.) Large Tenants Push 2017 Net Absorption to Decade High Leve Phoenix, January 23, 2018– The Greater Phoenix industrial real estate market posted a strong fourth quarter finish to 2017, which was one of the city’s historically best years.  Net absorption was the strongest […]

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Phoenix industrial absorption hits all-time high

Posted by   /  January 19, 2018  /  Real Estate  /  No Comments

AZBigMedia JLL Q4 Phoenix Industrial Report Highlights: – 2017 recorded the largest annual net absorption gains in Phoenix history. – This marks the fourth consecutive year of annual net absorption totaling 6-million square feet or more, not seen since 2004-2007. – Total vacancy fell to 7.6 percent, the lowest rate in 10 years. – Asking […]

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Phoenix Industrial Market Surging with Activity

Posted by   /  October 20, 2017  /  Real Estate News Briefs  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.)  A Dozen Tenants 100,000+ SF Signed Leases Thus Far in 2017 Phoenix, October  , 2017– The Greater Phoenix industrial market continues to surge with activity, posting strong net absorption and driving vacancy lower, according to a report released by Colliers International in Greater […]

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See where the industrial real estate heart of America is

Posted by   /  October 3, 2017  /  Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal California’s Inland Empire — which often competes with Phoenix and Las Vegas for regional distribution, e-commerce and manufacturing operations — added by far the most industrial real estate space in the U.S. during the past decade. That is according to new data from CommercialCafe, a real estate information […]

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2017 predictions: Animal spirits, cooling apartments and other forecasts for Phoenix real estate

Posted by   /  December 22, 2016  /  Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal Real estate is a varied component, with factors such as home building, industrial, office and retail space all varying with strengths and weaknesses at different times. What will happen in 2017 for the various sectors? Here’s a few ideas. Continued:

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Industrial growth surging in Mesa, Chandler, Gilbert, Tempe

Posted by   /  December 1, 2015  /  Dealmaker, Economy, Real Estate  /  No Comments

Industrial

By Parker Leavitt | The Arizona Republic The $9.4 million sale of an industrial building in Chandler last month went unnoticed by many, but the seemingly-mundane transaction signals a bigger shift in momentum for the East Valley’s post-recession industrial landscape. Warehouses, distribution centers and factories in the East Valley have filled up faster than anywhere […]

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New Pinal County prospectus talks growth

Posted by   /  October 27, 2015  /  Dealmaker, Economy, Featured News, Government and Politics  /  No Comments

Pinal County

Pinal County, AZ is situated at the center of the Sun Corridor – a growing binational megapolitan region that begins in central Arizona and extends south into Northern Mexico, encompassing a population of approximately 8.2 million residents. The favorable location, including many economic advantages and desirable amenities, places Pinal County at the heart of a […]

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Increasing industrial activity sets the stage for a healthy fourth quarter

Posted by   /  October 7, 2015  /  Economy, Real Estate  /  No Comments

industrial activity

Colliers Industrial vacancy in Greater Phoenix improved slightly in the third quarter, dipping to 11.9 percent. Despite some fluctuations, the overall vacancy rate has been fairly stable over the past 18 months. Net absorption gained momentum in the third quarter, topping 1.3 million square feet. With several large leases signed during the third quarter, net […]

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Once-hazardous Phoenix lot opens to development

Posted by   /  July 14, 2015  /  Dealmaker, Energy and Environment, Government and Politics, Real Estate  /  No Comments

Phoenix

By Dustin Gardiner, The Republic | azcentral.com A 10-acre property is being redeveloped through a project that could be a template for efforts to revive other hazardous lots in central and south Phoenix. Almost two decades ago, a 10-acre abandoned field south of downtown Phoenix was labeled a public health hazard, its soil containing heavy […]

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