The Southwest is starting off the year with a bang. The Arizona markets are starting off the year strong with several lease and industrial transactions reported this week. Additionally, the Phoenix office market has remained activity with major transactions spurring interest in class-A office properties. There were also several notable transactions in Los Angeles, San Diego and Orange County. 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

PHOENIX—The Phoenix office market continues its winning streak, and a handful of recent deals are spurring more interest in class-A and trophy office assets. Tempe has enjoyed more than 27 percent of all office absorption since the start of Phoenix's four-year positive absorption streak, in which the Valley has recorded annual absorption gains totaling 2.0 million square feet or more. This is the longest streak of its kind in the Phoenix office market, and although the pace of growth is slowing, data indicates that the Valley has not yet peaked. The volume of tenants still in the market – currently encompassing 62 active requirements representing 3.5 million square feet of space, suggest there is still room to grow, even if users must get creative with the options currently available.