Multistory Warehouse Development in Phoenix Arizona
The rise of multistory warehouses is capturing attention, especially in densely populated cities like New York, San Francisco, and Los Angeles. While these vertical marvels address the challenges of limited space, the landscape in Phoenix, Arizona, presents a different narrative. As one of the fastest-growing metros in the U.S., our cities are thriving in suburban growth and sprawl, akin to Houston and Dallas, due to the abundance of available land.
Abundance of Developable Land in Phoenix
The concept of multistory warehouses, with up to five floors of logistics space, has become a beacon for urban areas constrained by space. However, the difference in geography and development fundamentals of Phoenix set us apart from the dense cityscapes where vertical solutions are a necessity.
In contrast to cities like San Francisco and New York, Phoenix's expansive land availability has fueled a suburban growth pattern. Our sprawling landscape, reminiscent of cities like Houston and Dallas, allows for horizontal development rather than the vertical approach seen in multistory warehouses.
Our cities have the luxury of available land, mitigating the struggles faced by denser urban areas. Zoning restrictions and tight land supply, which pose challenges in cities like New York, are not as pronounced in our region.
Phoenix as a Growth Beacon
While the concept of multistory warehouses paints an intriguing picture for cities facing space constraints, Phoenix continue to flourish in their horizontal development. The sprawling landscape and abundance of available land set us apart from the vertical trends seen in major urban centers. One notable advantage Phoenix holds over "vertical" markets like San Francisco and New York, as well as "horizontal" markets like Dallas and Houston, is our abundant copper resources. This richness in copper reserves positions Arizona as the emerging EV manufacturing hotbed. As we navigate the ever-evolving industrial real estate market, Phoenix remains a beacon for growth, underscoring that sometimes, the horizon is just as promising as the skyscraper.