Mid-Year 2013 Phoenix Industrial Leasing Slows as Investment Sales Rise

PHOENIX, AZ – July 23, 2013 – (RealEstateRama) — Over the past three years, the Phoenix industrial market has confi dently climbed its way back to recovery and historical norms in spite of hitting a bump or two. The march has been impressive as the economy began to add jobs favoring industrial users. As larger product became scarce, build-to-suit and then speculative projects took shape. Quarter after quarter, the industrial sector posted gains in most measurements. This quarter, however, leasing activity has hit its lowest level since Q1 2009 and rental rates have remained fl at for over a year