Phoenix industrial market report
Q1 2025

17.2msf
Development activity (msf)
The industrial construction pipeline has fallen to 17.2 MSF, down from nearly 60 msfin 2023, as speculative developers become more cautious about bringing new product to market.
4.2msf
Net absorption (msf)
Net absorption in Q1 2025 reached 4.2 msf, reflecting a strong recovery after slower leasing activity in previous quarters.
13%
Vacancy
The Phoenix industrial market is still experiencing its highest vacancy rate in a decade, due to a surge in new deliveries.
Your source for the latest Phoenix industrial real estate report
Stay on top of current trends affecting the industrial real estate sector in Phoenix. Gain an overall better understanding of Phoenix's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Phoenix.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Phoenix's industrial real estate market.