INLAND EMPIRE STAYS STRONG As one of the most important
ic, with consistent cash flow and reliable investment growth. In the meantime, we’re also likely to see demand increase for data centers, which also typically occupy ware- house-style buildings.
tion center in Phoenix — but that’s not the only one. The city will also see another 18.4 million square feet of industrial space enter the mar- ket by the end of the year. The I-10 corridor coming directly from Inland Empire — in addition to Sky Harbor International Airport — makes the Valley of the Sun a natural logistics hub. In fact, much of the industrial development is located just south of I-10, east of downtown Phoenix. Industrial real estate seems to prove time and again to be a some- what more stable investment during economic uncertainty. That has also been the case during the pandem-
industrial markets in the country, Inland Empire is almost always near the top in industrial rankings. Basi- cally, it’s a natural staging area for all goods coming in from the Port of Long Beach, Los Angeles Interna- tional Airport and Ontario Interna- tional Airport. PHOENIX: THE VALLEY OF THE SUN STILL SHINES Amazon is also adding another multi-million-square-foot distribu-
Patrick McGregor is a senior writer at CommercialCafe, covering the real estate industry and overall economic trends in the United States. He also
holds an MBA from Thunderbird School of Global Management. Before joining CommercialCafe, Patrick was a commercial real estate analyst at Yardi Matrix for five years
COMMERC IAL REV I EW : : 13
Made with FlippingBook Online newsletter