Phoenix 3Q14 Industrial Snapshot

Industrial_DownloadBanner

The Phoenix industrial sector remained steady this quarter with vacancy continuing to decline and net absorption remaining positive. The overall Phoenix vacancy rate fell slightly this quarter to 12.1%, down from 12.5 % posted at the mid-year point. This brings vacancy rates down almost a full percentage point compared to the same quarter in 2013 when the rate was 13.2%. The Southwest Valley posted the highest vacancy rate at 14.7%, while the Northwest Valley posted the lowest at 9.0%.

Industrial_banner

 

Click here to download the full report

 

Leave a Reply

Your email address will not be published.