Figures
Phoenix Industrial Figures Q4 2025
January 7, 2026 5 Minute Read
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‒Net absorption was 3.3 million sq. ft. in Q4 2025, pushing the yearly net to the third-highest year in Phoenix history (15.9 million sq. ft.)
‒Thirty-two buildings were delivered for a total of 3.5 million sq. ft. in Q4 2025, bringing the yearly total to just under 50% of what was delivered in 2024.
‒Asking rates decreased again to $1.04 NNN per sq. ft..
‒The vacancy rate remained at 11.0% with speculative development deliveries nearly matching quarterly net absorption.