You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
By Audrey Jensen – Reporter, Phoenix Business Journal Aug 17, 2022
Growth of the Phoenix industrial market will continue to surge despite inflation and an expected national slowdown in consumer demand, experts say.
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The Phoenix metro is currently one of only five markets across the country that has more than 30 million square feet of industrial space under development, driven in large part by available and affordable land, proximity to ports and the available workforce in Arizona, which is a right-to-work state.
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“Companies from California want to be here. We’ve got a huge demand from the East Coast or the Southwest or Midwest who want to be on the west and western exposure, but for whatever reason they don’t want to be in California,” said Rob Stephens, a managing director for Newmark. “We [also] have a very healthy vacancy.”
The Valley had about 35 million square feet of space under construction, as well as a 4.6% vacancy, in the second quarter. According to Avison Young data, the Phoenix metro had about 119 ongoing industrial or flex properties under construction at the end of the second quarter.
SEE IT ALL: https://www.bizjournals.com/phoenix/news/2022/08/17/phoenix-metro-industrial-growth.html
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The region also has the third largest pipeline for industrial development in the U.S., according to Newmark Group Inc.’s industrial report for Phoenix.
While interest from manufacturers such as semiconductor and electric vehicle supply chains has significantly increased in recent years, Stephens said the greater Phoenix region has seen the “biggest growth” of e-commerce companies in the country.
“Our proximity to the port is huge, plus, we can take care of 35 million people in a day’s truck drive, and we can hit major cities, Salt Lake City, Las Vegas, Austin,” he added. “We have the product, we have the availability.”
The other top markets include Dallas, the Inland Empire, Chicago and Pennsylvania’s Interstate 81/I-78 corridor — altogether, the five markets make up about a third of industrial space under construction in the U.S., according to Newmark’s report.
Slowdown could be on its way
With record amounts of space under construction that’s set to deliver in the next year or two, experts warn that vacancies will start to increase as consumer demand returns to pre-pandemic levels.
“A lot of the retailers have full warehouses of product that aren’t necessarily in high demand anymore, but they still have other products coming over for, at this point, the Christmas season that they need to store,” Rich Lachowsky, a research director for Newmark, said. “They’re going to be increasingly turning to 3PLs to help solve those space issues and also discounting what they do have.”
In the second quarter, demand in Phoenix was mostly driven by the construction, machinery and materials industries due to the local housing market, which is vastly undersupplied, experts said. But moving forward, demand will most likely be driven by third-party logistics companies, Lachowsky said.
Ongoing supply chain, inflation and labor issues are also impacting timely deliveries for industrial buildings across the U.S. According to real estate firm Avison Young, construction starts appeared to have peaked in the first quarter of this year with about 12.7 million square feet, adding that the amount of ongoing construction activity will likely decline in the later half of the year.
Phoenix market still has momentum
News of some of the biggest consumers of warehouse space such as Amazon.com Inc. pulling back on its warehouse pipeline and Walmart Inc. marking down its inventory due to inflation could also impact how much warehouse space these types of companies need moving forward.
Despite a potential cool-off in the national warehouse market looming, experts say Phoenix will continue to attract industrial development and users. Companies are also looking to build or lease new, modern facilities due to trending requirements such as updated clear heights, cross-dock loading and dock doors.
“Phoenix’s future is really bright just because of the population growth, the availability of warehouse space,” Lachowsky said. “They’re somewhat close to the Texas markets and that’s a really strong growth market as well. We’re seeing a lot more interest in near-shoring and the Mexican markets, and Phoenix is well positioned to handle a lot of the traffic as well.”
To keep up with and support the ongoing growth, regional leaders say the potential extension of Maricopa County’s transportation tax, which was vetoed by Gov. Doug Ducey in July, is vital for current and future repairs and construction of regional transportation. As land in the Phoenix metro increases in price and is bought out, more developers and companies are also looking to Pinal County cities such as Casa Grande and Maricopa for industrial projects.
SEE IT ALL: https://www.bizjournals.com/phoenix/news/2022/08/17/phoenix-metro-industrial-growth.html
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FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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