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
AZBIGMEDIA.com 4/11/2022
Based on provisional estimates, up to 592.5 million square feet of industrial space is currently under construction nationally. With industrial development gearing up and demand high, 2022 is shaping up to be the strongest year yet for industrial development. And Phoenix industrial development puts it right in the mix, making the list of 20 markets with the most industrial space under construction at No. 2, with an estimated 36.3 million square feet of industrial space currently being built.
SEE IT ALL WITH GRAPHS: https://azbigmedia.com/real-estate/phoenix-is-no-2-market-in-u-s-for-industrial-development/
READ ALSO: Here is the Phoenix commercial real estate outlook for 2022
Using property data provided by CommercialEdge, we analyzed how much industrial space we could expect to be added to the top markets in the U.S. this year. Notably, Dallas-Fort Worth stood out as the market with the most industrial space under construction for the second year in a row, while Amazon once again dominated the list of largest industrial properties scheduled for completion in 2022.
About AZ Big Media https://azbigmedia.com/
DFW Industrial Expansion Picks Up Steam With Most Space Under Construction
With 38 million square feet of industrial space scheduled to hit the market this year, Dallas-Fort Worth claimed the title of the industrial market with the largest projected expansion for the second year in a row.
Here, the strong supply currently underway was preceded by a decade-long upward trend in development. Specifically, more than 208 million square feet of industrial space was added to the Metroplex’s inventory in the last 10 years. In addition to being a major logistical hub of the South, DFW has also benefited from a booming high-tech manufacturing sector — and the accelerated pace of industrial development in the metro reflects that.
Phoenix took the second spot for projected industrial completions with 36.3 million square feet currently under construction. In fact, demand for industrial space in Phoenix has spiked considerably in recent years, with low vacancies and major investments contributing to the metro’s role as a regional distribution and manufacturing center.
Likewise, other major logistical hubs are also expecting strong years for industrial developments. For example, Indianapolis has 26.9 million square feet of space in the pipeline. In particular, Amazon is revitalizing employment in the metro’s distribution and logistics sector. Similarly, the Inland Empire — one of the main logistical satellites of the greater Los Angeles area — has an additional 25.9 million square feet of space underway amid record-low vacancies in industrial properties.
Meanwhile, Chicago industrial space is expected to be supplemented by an additional 25.9 million square feet — a considerable amount for the Midwest’s largest metro, despite supply here lagging slightly behind that in Indianapolis.
Even accounting for possible delays, high square-footage projections still highlight the draw of key regional transportation hubs for retailers and other companies with growing logistical needs, while also pointing toward another record-setting year.
About AZ Big Media https://azbigmedia.com/
SEE IT ALL WITH GRAPHS: https://azbigmedia.com/real-estate/phoenix-is-no-2-market-in-u-s-for-industrial-development/
Giga Texas Poised to Be 2022’s Largest Industrial Completion; Amazon, Walmart & GM Also Record Entries
After delays from its initial 2021 targeted opening date, Giga Texas is now expected to be this year’s largest industrial completion at a whopping 4.28 million square feet of industrial space in Austin.
Tesla’s giant factory — which has already been producing electric vehicles on a limited basis since December — is scheduled for a full opening on April 7 with 15,000 attendees, an event that the company has taken to calling the “Cyber Rodeo.” Once fully operational, the factory will produce the majority of the new Tesla Cybertruck and Semi models, in addition to limited production of other models. It will also serve as the company’s corporate headquarters.
One other manufacturing center also made the list — General Motors’ new battery plant in Warren, Ohio, which will span 2.8 million square feet of industrial space.
Unsurprisingly, Amazon is behind seven of the 10 largest industrial developments of 2022. The second through fourth positions are 3.8-million-square-foot Amazon warehouses in Michigan, Virginia and Massachusetts (two of which are being developed by Hillwood). The online retailer is also behind 2022’s fifth-largest project — the redevelopment of Cortana Mall into warehouse space in Baton Rouge, La. — as well as two more fulfilment centers in Canton, Miss., and Pooler, Ga., which are being built to suit by USAA Real Estate for the e-commerce giant.
Only one other distribution center in the top 10 is not owned by Amazon: Walmart’s 2.77-million-square-foot facility in Ridgeville, S.C. Clearly, while Amazon’s huge logistical needs mean it now consistently builds the largest industrial facilities each year, other retailers — both online and traditional — are also major driving forces behind the growth of industrial.
Due to the delay of Giga Texas’ opening, the 10 largest 2021 industrial completions were all warehouses owned or leased by Amazon. The largest of these was 7001 Vollmer Road in Matteson, Ill., at 3.86 million square feet. It was followed by the LogistiCenter in Wilmington, Del. — a landmark, five-story property with a footprint of roughly 800,000 square feet — that was purchased by Australian real estate investment firm Macquarie for $392 million last month.
Within the current context, industrial has become one of the stand-out asset classes of commercial real estate. And, with growing investments and 45 million square feet of industrial space delivered in the first two months of 2022 alone, this year is shaping up to continue the industry’s recent upward trend.
SEE IT ALL WITH GRAPHS: https://azbigmedia.com/real-estate/phoenix-is-no-2-market-in-u-s-for-industrial-development/
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
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?
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.
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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