Phoenix’s million-square-foot warehouses are gone as smaller industrial spaces drive deals
Phoenix’s streak of mega warehouse sales and leases is quieting down. The available supply of big-box warehouses in the Phoenix metro shrank considerably over the last year, with no buildings amounting to a million square feet or more currently remaining, according to data from Costar. Now smaller spaces are seeing the bulk of sales and leasing activity, which is expected to continue throughout this year and drive industrial figures. Here are some recent Valley deals including smaller…»
Here are 3 ways that TSMC is transforming north Phoenix
Taiwan Semiconductor Manufacturing Co.’s $165 billion north Phoenix development is the largest construction project underway in the United States, and with it has come a ripple effect of massive proportions. The area directly surrounding the development will eventually have a population the size of a small city, in an area that was not expected to develop for decades. The effects, which are already beginning to take shape, will be wide-reaching, growing development, driving education…»
Neighborhoods push back on Arizona data centers
In Arizona, one of the nation’s data center capitals, neighborhoods have started pushing back against data center projects to little avail. Why it matters: Neighbors say the giant technology centers diminish their quality of life and waste their water, but they face an army of lawyers and lobbyists working to push the projects through anyway. The big picture: Arizona has 98 data centers currently operating and 86 planned or under construction, per the Pew Research Center. Grassroots…»
Phoenix apartment rents held flat in April
The average asking rent for Phoenix apartment properties was unchanged in April, marking the fifth consecutive month with flat or positive movement. Last month’s performance brings year-to-date growth to 0.4%, as the Valley held on to the modest gains achieved earlier in the year. This marks a divergence from the same time period in 2025, when asking rent growth had dipped into negative territory through the first four months of the year. Back then, healthy gains in the…»
Here’s where Arizona renters can find the most space
In 2026, renters want one thing above all else: more space. Rentometer analyzed nearly 650,000 single-family rental listings and found that Arizona ranks among the top markets where renters can access larger homes—especially across fast-growing metro areas. Key takeaways for Arizona: Arizona offers consistently larger rental homes, especially in fast-growing suburban markets. Cities like Scottsdale (1,998 square feet) rank among the most spacious large U.S. cities. Gilbert…»