Though large industrial lease signings dominate news headlines, demand for space at Phoenix’s small bay properties is quietly leading the nation. The median time to lease for local industrial spaces smaller than 50,000 square feet has plummeted from an average of seven months in the decade leading up to the pandemic to just two months in 2022. Phoenix ranks fastest in the U.S. for this metric, ahead of notoriously ultra-tight industrial markets like Los Angeles and Miami.
Phoenix Leads the Nation in Shortage of Small Bay Industrial Space
The Valley’s Small Industrial Spaces are Flying off the Market in Record Time
CoStar Analytics
February 14, 2023 | 10:17 P.M.
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IN THIS ARTICLE
- Properties
- Bldg A
1258 Southern Ave, Tempe, AZ