Phoenix Industrial Market Continues Surge in Q1

AZ Big Media

Posted In — News & Press | In the News

The Phoenix industrial market continued to surge in the first quarter, according to a report from Kidder Mathews.

Market highlights:

  • Average sale prices climbed to a new record high of $139/SF
  • Construction soared to an all-time high with approx. 16M SF currently underway
  • Rental rates hit a post-recession record high at $0.65 PSF NNN

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