Wednesday, July 8, 2026
Family Office Briefing on research bySavills·May 5, 2023

Phoenix 2023 Q1 Industrial Market Report

Phoenix industrial market shows signs of economic cooling in Q1 2023 — family offices should consider co-GP opportunities with strong operators.

IndustrialPhoenixArizona2023

Key Metrics

MetricValue
Vacancy Rate5.0%
Asking Rental Rate0.80psf (NNN)
Net Absorption7.1msf

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around Phoenix? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent industrial strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.