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Phoenix & Southwest  + Phoenix  + Industrial  | 
CBRE Buys 3 Industrial Bldg Phoenix Airport

Three-Building Logistics Portfolio Acquired by CBRE Investment Fund

The buildings are a combined 230,385 square feet, all in the South Airport submarket. That puts them close to the I-10 freeway and Sky Harbor Airport. The Ports of Los Angeles and Long Beach are a days drive.

CBRE Investment Fund Management’s Mary Lang likes the Phoenix area for its consistent performance, “Phoenix has remained a top market for logistics users and manufacturers given the areas affordability…and rent growth within the South Airport submarket has historically been one of the strongest-performing markets in Phoenix.”

A CBRE study reported that the market has had 48 consecutive quarters of positive absorption and a record low industrial vacancy rate of 4.5% as of the fourth quarter 2021.

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Mary Lang

About Mike Boyd

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