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| Park Lucero Industrial Complex, Phoenix, AZ |
PHOENIX, AZ, Sept. 23,
2016 – The delivery of more than 2.8 million square feet of new industrial
construction in Phoenix during the first half of 2016 has made an impact on the
Valley, says the Phoenix office of JLL – in some cases pushing industrial rental
rates by as much as 36 percent higher than their existing average.
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| Pat Harlan |
Customers looking for
increased efficiencies are flocking to this new Class A space, which features
amenities such as wide column spacing and clear heights of up to 36 feet.
This trend is actively
playing out at Airport I-10, in the airport submarket, and Park Lucero, in the
Southeast Valley, where JLL has completed a total of 18 new leases over the
last 24 months. All together, these leases represent a total tenant commitment
of more than 579,000 square feet.
More information on these
and other local industrial trends are available in JLL’s Q2 Phoenix Industrial
Report.
JLL Executive Vice Presidents Pat Harlan and Steve Sayre, and Associate
Kyle Westfall are the exclusive
leasing brokers for Airport I-10. Harlan, Sayre and JLL Vice President Steve Larsen represent Park Lucero.
For a complete copy of the company’s news release,
please contact:
Stacey Hershauer
focusAZ
Marketing & Public
Relations
(480) 600-0195
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