Industrial Trends & Activity in Phoenix, AZ
With the rapid job and population growth in Phoenix, paired with numerous businesses establishing industrial operations in the metro because of the affordable business environment, industrial properties are faring better than most. The policies enacted to prevent the spread of COVID-19 have affected both leasing and investment activity, however, newly adopted consumer behaviors, like online shopping, contribute positively to industrial demand. The mero benefits from low development restrictions, promising economic and demographics trends, low risk of natural disasters, and proximity to major markets, which has drawn industrial tenants to the area.
