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Phoenix Dominates Q4 2024 Industrial Market Growth

2/17/2025

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Summary

Story summary

Phoenix, Arizona topped the Q4 2024 industrial markets report by CommercialCafe.
The city achieved outstanding vacancy rates, rental prices, and online search activity.
In Q4 2024, Phoenix added 7.16 million square feet of industrial space.
It also led the nation with 22.3 million square feet in the industrial pipeline, reflecting a 5.8% inventory growth.
Orange County and Inland Empire, California, ranked second and third, respectively.

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Story summary

Phoenix, Arizona topped the Q4 2024 industrial markets report by CommercialCafe.
The city achieved outstanding vacancy rates, rental prices, and online search activity.
In Q4 2024, Phoenix added 7.16 million square feet of industrial space.
It also led the nation with 22.3 million square feet in the industrial pipeline, reflecting a 5.8% inventory growth.
Orange County and Inland Empire, California, ranked second and third, respectively.