Wednesday, June 10, 2026
Family Office Briefing on research bySavills·Feb 2, 2024

Phoenix Q4 2023 Industrial Market Report

Phoenix industrial vacancy climbed to 9.3% in Q4 2023 — family offices should consider co-GP opportunities with disciplined operators.

IndustrialPhoenixArizonaQ4 2023

Key Metrics

MetricValue
Vacancy Rate9.3%
Asking Rental Rate0.86psf
Net Absorption2.1msf
Deliveries8.6msf

Metrics extracted from the source report and independently fact-checked. Method →

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