Source: AZ Big Media
Based on provisional estimates, up to 592.5 million square feet of industrial space is currently under construction nationally. With industrial development gearing up and demand high, 2022 is shaping up to be the strongest year yet for industrial development. And Phoenix industrial development puts it right in the mix, making the list of 20 markets with the most industrial space under construction at No. 2, with an estimated 36.3 million square feet of industrial space currently being built.
Property data provided by CommercialEdge.