The Phoenix industrial market finished another strong year, with vacancy rates hovering around the record low and asking rental rates escalating to a record high, according to a report from Kidder Mathews. The development pipeline at year-end hit an astronomical all-time high of current projects under construction, with the majority due to complete next year in 2020. As such, developers remain bullish on Phoenix and show no signs of slowing down.
For the full story, go to AZ Big Media.
© 2020 AZ Big Media. All rights reserved.