The commercial market in Phoenix is on fire. Sales activity remains active, and fundamentals are attracting new investors. The market has seen activity across all product types as well as new construction. Homeowner demand is also increasing, according to a new study. It isn't the only market in the Southwest that is performing well. Here's a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

BY THE NUMBERS

LADERA RANCH, CA—Strategic Storage Trust II says that it has seen strong increases in same-store revenues, net operating income, occupancy and annualized rent per square footage as part of its overall operating results. In the second quarter, the firm increased total revenue by approximately $9.3 million, or 95%, when compared to the same period in 2016; increased same-store revenues and NOI by 11.6% and 23.2%, respectively, compared to the same period in 2016; increased same-store average physical occupancy by approximately 3.4% to 93.3% from 89.9% compared to the same period in 2016; increased same-store annualized rent per occupied square foot by approximately 6.2% to $13.62 from $12.82 compared to the same period in 2016; and increased modified funds from operations by approximately $2.7 million, or 119%, when compared to the same period in 2016.