Why implement your industrial space in Phoenix? 

Phoenix is a prime destination for industrial space leasing, offering a dynamic and thriving market for businesses in need of warehouse, distribution, manufacturing, or logistics facilities. With its strategic location in the Southwest region, Phoenix serves as a transportation and distribution hub, providing convenient access to major markets in the western United States. 

The city's robust infrastructure, including a well-developed highway system and proximity to major airports and rail lines, further enhances its appeal for industrial operations. Phoenix also boasts a growing economy and a diverse range of industries, attracting businesses from sectors such as e-commerce, automotive, aerospace, and technology. 

The availability of modern industrial facilities, including spacious warehouses, flexible industrial parks, and advanced logistics centers, accommodates the evolving needs of businesses seeking efficient and scalable spaces. Combined with a favorable business environment, competitive leasing rates, and a skilled workforce, Phoenix presents a compelling choice for companies looking to lease industrial space and thrive in a vibrant and strategically advantageous location.

How much does it cost to rent an industrial space in Phoenix?

The cost of renting an industrial space in Phoenix can vary depending on factors such as location, size, condition, and amenities. Here are some general estimates of the average rental costs for industrial spaces in Phoenix:

• Warehouse Space: The average rental rate for warehouse space in Phoenix can range from $0.50 to $1.50 per square foot per month. However, larger and more specialized spaces may have higher rates.
• Flex Space: Flex spaces, which combine office and warehouse areas, generally have higher rental rates compared to standalone warehouses. The average rental rate for flex space in Phoenix can range from $1.00 to $2.50 per square foot per month.
• Manufacturing Space: Rental rates for manufacturing space in Phoenix can vary based on factors such as the level of customization and infrastructure requirements. Average rental rates can range from $1.00 to $3.00 per square foot per month.

To read: our Phoenix MarketBeat Office report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Phoenix?

While it's challenging to predict the future with certainty, several factors suggest that industrial space rents in Phoenix may continue to experience upward pressure:

Popular neighborhoods in Phoenix

When it comes to leasing industrial space in Phoenix, several neighborhoods stand out as popular options. Here are a few:

• West Phoenix: This area is known for its industrial parks and warehousing facilities. It offers convenient access to major highways and transportation routes, making it an attractive location for distribution and logistics operations.
• Sky Harbor/Airport Area: Located near Phoenix Sky Harbor International Airport, this neighborhood is ideal for businesses with transportation and freight needs. It offers proximity to the airport's cargo facilities and excellent connectivity to major highways.
• Deer Valley: Situated in the northern part of Phoenix, Deer Valley is home to a mix of industrial parks and manufacturing facilities. It provides a diverse range of industrial spaces and is known for its accessibility and convenient proximity to major transportation routes.
• South Phoenix: This area offers a mix of industrial and commercial spaces, making it suitable for various industries. It has good connectivity to major highways and is in close proximity to downtown Phoenix.
• East Valley (Mesa, Chandler, Gilbert): Although not technically part of Phoenix, the cities in the East Valley area, such as Mesa, Chandler, and Gilbert, have seen significant industrial development. They offer a range of industrial parks and facilities, attracting businesses from various sectors.

Getting to and from Phoenix

There are several ways to get to and from Phoenix, depending on your location and preferred mode of transportation.

• By Air: Phoenix Sky Harbor International Airport is the primary gateway to the city and offers non-stop flights to many major cities in the US and around the world.
• By Car: Phoenix is easily accessible via the major highways, including Interstate 10 and 17, which connect the city to other major cities in the region.
• By Public Transportation: Phoenix has a robust public transportation system that includes light rail, bus services, and bike-sharing programs, which provide convenient and affordable options for getting around the city.
• By Shuttle Service: Several shuttle services operate between Phoenix and nearby cities, such as Sedona and Flagstaff, providing a convenient and affordable option for travelers.
• By Train: The Amtrak Southwest Chief route passes through several cities in Arizona, including Flagstaff and Winslow, with a stop in Albuquerque, New Mexico, providing another option for travelers.