Glendale

Phoenix - AZ USA - Industrial Submarket

Industrial real estate intelligence for the Glendale submarket. 61.0M SF of inventory with 15.8% vacancy. Data sourced from various MLS platforms.

61.0MSF

Inventory

12.1MSF

Available

15.8%

Vacancy

18.1%

Availability Rate

$9.83

Asking Rent

5.1%

Rent Growth

8.9MSF

12mo Absorption

5.8MSF

Under Construction

Market Metrics

12mo Delivered

2.4M SF

Under Constr % of Inv

9.5%%

Sale Price/SF

$156

Cap Rate

6.5%%

12mo Sales Volume

$1,256,398,445

Sales Vol Growth

99.3%

Asset Value

$10,437,610,481

Net Absorption

+8.9M SF

Recent DC Sales in Market

Property	Price	SF	Buyer
PHX01	$44.3M	135,160	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
PHX04	$23.2M	53,000	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
PHX02	$7.9M	24,092	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
2500 W Frye Rd	$130.0M	191,000	Lincoln Property Company
2475 W Townley Ave	$11.0M	50,960	Five 9s Digital

Available DC Space in Market

Property	Avail SF	Rent	Owner
Omnis Data Center	15,070	$21.00	Omnis Network, LLC
Agave Business Center	4,053	$16.50	Camco Investment Group
Building 1	37,240	$14.76 - 18.04 (Est.)	-
Building 4	59,000	$12.33 - 15.08 (Est.)	-
Building 7	23,800	$12.53 - 15.31 (Est.)	-

Data Centre Development Potential

High vacancy (15.8%) in Glendale may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 5.8M SF indicates developer confidence in the submarket. Positive net absorption of 8.9M SF over the past 12 months signals healthy demand fundamentals.