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Phoenix To Thrive on Multi-Tenant Industrial

PHOENIX—Sources at RealShare Phoenix Metro say that Phoenix industrial is growing and say that e-commerce will be a big player in that growth in the coming years.

By Natalie Dolce | Updated on December 03, 2015

PHOENIX—As of mid-2015, Metro Phoenix’s industrial market was proud to record positive net absorption for the 21st consecutive quarter. Echoing the broader national trend in industrial, demand is exceeding available product on the market. Factors such as e-commerce and distribution efficiencies fuel this growth, especially given the strategic proximity to Southern California. And panelists on the “industrial deal and developments panel” at RealShare Phoenix Metro here on Wednesday, are betting on multi-tenant industrial being the big thing for years to come.

John DiVall, SVP and city manager of Arizona at Liberty Property Trust, says that if you take the three big deals that Amazon did in the region out of the equation, and if you look back historically at the Phoenix market, it has traditionally been a multi-tenant market.

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