Leasing momentum in core industrial hubs; Phoenix among top performers
Phoenix exceeds 1.0% of total inventory leased in Q3 2025
- Industrial leasing activity continues to be heavily concentrated within the nation’s largest distribution corridors, with core logistics hubs accounting for the majority of total leasing volume. These established markets, supported by robust transportation infrastructure and access to key population centers, remain the focal point for occupier demand.
- Among the top five U.S. industrial markets, Phoenix stood out, recording leases equivalent to 2.0% of its total inventory, underscoring the metro’s continued appeal as a high-growth logistics and manufacturing hub.
- Notable transactions contributing to these positive leasing trends included major commitments from CEVA Logistics, Metso, and ACT Fulfillment, which collectively accounted for 1.7 million square feet of newly leased industrial space. These deals reflect ongoing confidence from global logistics, manufacturing, and e-commerce operators seeking modern, strategically located facilities to support regional and national distribution networks.
November 14, 2025
US-AZ-PHX Phoenix