Market Trends

The first quarter of 2026 was strong for leasing and industrial sales. Almost half (1.66 million sf) of the square footage was leased to DHL in two buildings, possibly as a third-party logistics provider. The top 10 leases total about 3.6 million sq. ft, 9 leases are in the 100,000 sq. ft.+ size range. Most leases were in buildings in the far west, 303, or east near Mesa Gateway airport. DHL 1,032,079 sf Dvele 220,375

Commercial Property Build-Out Costs Commercial property construction costs have stabilized over the past year, but prices are still...

Industrial Market Report Metro Phoenix industrial market absorption in the third quarter of 2024 was the lowest of the year. Phoenix no...