SW N of Buckeye Road

Phoenix - AZ USA - Industrial Submarket

Industrial real estate intelligence for the SW N of Buckeye Road submarket. 38.7M SF of inventory with 11.5% vacancy. Data sourced from various MLS platforms.

38.7MSF

Inventory

4.8MSF

Available

11.5%

Vacancy

12.2%

Availability Rate

$10.44

Asking Rent

3.9%

Rent Growth

923KSF

12mo Absorption

673KSF

Under Construction

Market Metrics

12mo Delivered

926K SF

Under Constr % of Inv

1.7%%

Sale Price/SF

$161

Cap Rate

6.5%%

12mo Sales Volume

$213,145,767

Sales Vol Growth

33.3%

Asset Value

$6,333,361,742

Net Absorption

+923K 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
NAS7	$32.7M	342,105	Switch, Inc.

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 (11.5%) in SW N of Buckeye Road may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 673K SF indicates developer confidence in the submarket. Positive net absorption of 923K SF over the past 12 months signals healthy demand fundamentals.