Industrial The industrial sector has a strong presence in the West Valley due to the large labor pool, strategic location, and relative affordability compared to coastal markets. West Valley industrial space accounts for 55.9% of metro-wide inventory, and an additional 10.8 million sq. ft. of space is currently underway. Notable projects in the development pipeline include Taiwan Semiconductor’s fabrication plant at Pinnacle Peak, Amkor’s semiconductor packaging and test campus in Peoria and Microsoft’s data center expansion in El Mirage. The West Valley remains one of the hottest industrial markets in the U.S.
Total Inventory (SF) Vacancy Rate 245,021,230 11.9%
Asking Rent (FSG/Annual) New Supply (SF) $0.93 10,840,960
WEST VALLEY
WEST VALLEY
WEST VALLEY
WEST VALLEY
438,691,064
11.2%
$1.00 15,877,007
PHOENIX METRO
PHOENIX METRO
PHOENIX METRO
PHOENIX METRO
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