Connect CRE | Mike Boyd
The Phoenix industrial market has stayed hot, with no signs of cooling off. Last quarter it delivered over 10 million square feet of industrial space. Kidder Mathews Research Group reports in 2023, the market completed construction on 31.6 million square feet of new deliveries, 16% more than the previous year. 37 million square feet are currently under construction, second in the nation, behind Dallas.
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