Arizona's Industrial Growth: The Logistics Advantage
Arizona's industrial sector is booming, and at the forefront of this growth is Phoenix, emerging as a major center for manufacturing and distribution. In this blog post, we will delve into what sets Phoenix apart, focusing on its remarkable industrial square footage compared to nearby cities.
Phoenix's Industrial Dominance:
Phoenix boasts an impressive 433 million square feet of industrial space. This figure eclipses the combined total of Las Vegas, Albuquerque, El Paso, and Tucson, which collectively offer 353 million square feet. To put this in perspective, Las Vegas has 171 million square feet, Albuquerque has 61 million, El Paso has 73.5 million, and Tucson has 48 million square feet of industrial real estate.
Why Phoenix Stands Out:
One key driver of Phoenix's industrial expansion is its strategic location. It has become an alluring choice for investors and developers seeking alternatives to California, especially the costlier Inland Empire. Las Vegas is also benefiting from this shift, capitalizing on its proximity to the I-15, a vital transportation artery.
The I-10 Advantage:
Phoenix's strategic positioning along the I-10 is a game-changer. This major highway traverses through Tucson and El Paso, ultimately linking to Jacksonville, Florida, on the opposite coast. This level of accessibility makes Arizona an attractive destination for businesses seeking efficient transportation, making it highly appealing for investors and developers in the industrial sector.
Railway Accessibility:
Further enhancing its logistical appeal, Arizona is well-connected through the Union Pacific railway system, running parallel to the I-10 and I-8 routes, through Yuma, AZ, and onwards to Phoenix and Tucson. Eventually, it extends to El Paso before branching out to connect with other railroad networks. This extensive rail network significantly bolsters Arizona's attractiveness for industrial transportation.
In summary, Arizona's industrial growth, particularly in Phoenix, is no accident. Its advantageous location, robust transportation networks, and cost-effectiveness make it a prime destination for investment and development. Phoenix's industrial surge may also have a ripple effect, drawing businesses, developers, and investors to nearby Tucson, just an hour and a half east, offering similar benefits like the I-10 corridor and access to the Union Pacific railway.