Industrial Investment Sites Carry Premium Price Tags

Valley industrial space is in such demand that commercial brokers are negotiating deals for what they say are premium prices.

Recent Cushman & Wakefield commercial brokerage data shows the Phoenix industrial market continuing to expand. The region has seen nearly 2.3 million square feet directly absorbed as of mid-year 2006.

Cushman & Wakefield reports that manufacturing space continues to be the dominant product type, followed by high tech. The overall vacancy rate remains low at 5.9 percent, compared with 6.8 percent at mid-year 2005. More...

This shows that the Valley is still creating jobs and businesses are looking to expand or relocate operations here--- good news for our real estate market!