Phoenix is No. 1 in Nation for Largest Active Industrial Pipeline

Over the last decade, six industrial submarkets more than doubled in size, and seven others grew by 50% to 100%. Currently, Phoenix leads the nation with the largest active industrial pipeline. This surge in industrial development, driven by investor interest and government subsidies, is concentrating new industrial stock in high-demand areas and revitalizing others. West Phoenix stands out with the largest active industrial pipeline among the top 100 U.S. submarkets, having over 7.8 million square feet under construction, which is 5.6% of its existing inventory. From 2014 to 2023, West Phoenix added 49 million square feet of industrial space, marking a 53% increase. It holds the 4th largest total industrial space among the top 100 submarkets, with 141 million square feet, 63.3% of which is Class A industrial space.

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