Year End Industrial Market Report 4Q15 Phoenix, Arizona
The Phoenix Metro industrial sector ended 2015 strongly with all market indicators pointing in the right direction. The overall vacancy rate is the lowest it has been since
the beginning of 2008, before the recession wilted the commercial market. Starting 2015 at 12.1% valley wide, the overall vacancy rate ended the year at 11%. The final quarter of 2015 represented the second largest net absorption figure in the last four years, almost doubling the yearly total. With demand increasing steadily, and in many areas outpacing construction, market conditions should continue to recover and improve into 2016.