Tempe Southwest

Phoenix - AZ USA - Industrial Submarket

Industrial real estate intelligence for the Tempe Southwest submarket. 22.9M SF of inventory with 11.6% vacancy. Data sourced from various MLS platforms.

22.9MSF

Inventory

3.0MSF

Available

11.6%

Vacancy

13.1%

Availability Rate

$14.64

Asking Rent

3.2%

Rent Growth

-462,500SF

12mo Absorption

332KSF

Under Construction

Market Metrics

12mo Delivered

384K SF

Under Constr % of Inv

1.4%%

Sale Price/SF

$208

Cap Rate

6.8%%

12mo Sales Volume

$259,962,995

Sales Vol Growth

-48.4%

Asset Value

$4,832,405,999

Net Absorption

-462,500 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 (11.6%) in Tempe Southwest may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 332K SF indicates developer confidence in the submarket. Negative absorption of 463K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.