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Industrial Absorption Spikes to Close 2015

PHOENIX— The Southwest Valley industrial market had increased activity for 2015 with six large transactions totaling almost 2 million square feet to surpass the annual net absorption average of 2.8 million square feet.

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PHOENIX—The Greater Phoenix industrial market is poised to benefit from an accelerating pace of local economic growth in 2016, according to Colliers International of Greater Phoenix. Developers built spec space fairly early in the recovery cycle, which placed a supply overhang on the market at a time where tenant demand for space was uneven. Those conditions have been resolved during the past 12 to 24 months, as many of these spec spaces have secured tenants.

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