Rising Demand for Industrial Flex Space Creates Development Opportunity in Phoenix, Arizona

Example Industrial Flex Business Park

The industrial sector has emerged as a star performer in recent years. However, within this thriving landscape lies a particular niche that's experiencing unprecedented demand but faces a significant shortage: industrial flex space in Arizona.

Why Phoenix Experienced the Development Boom?

The dynamics behind this scarcity are intriguing. Picture this—Phoenix, strategically positioned five hours east of the bustling Los Angeles and Inland Empire markets, has become a hotspot for developers and businesses seeking prime industrial real estate. This rush has resulted in nearly 60 million square feet of industrial construction in the pipeline. But amid this boom, a critical oversight occurred—the neglect of smaller-scale industrial flex spaces, specifically buildings under 20,000 square feet.

Diverse Tenant Base

Suitable for most businesses

Why the urgency for this overlooked asset? It's simple—industrial flex spaces cater to a diverse array of tenants. From trades businesses like HVAC, plumbing, and electrical contractors to unconventional occupants such as CrossFit gyms, barber shops, and unique event venues, the demand spans across various industries.

Most Resilience in Changing Economies

Moreover, the resilience of these spaces in fluctuating economies cannot be overstated. They serve as incubators for small businesses to flourish and adapt. During economic downturns, these spaces provide a haven for struggling businesses to downsize and sustain their operations—a testament to their adaptability and reliability.

Overlooked Development Opportunity: Industrial Flex Space

Also known as contractor garages

The situation isn't confined to Phoenix alone. Tucson, too, grapples with a similar shortage, signaling a broader regional need for these adaptable spaces.

This shortage isn't merely a challenge; it's an opportunity—a vast, untapped potential waiting to be seized by forward-thinking investors and developers. The Arizona market beckons, offering a chance to fill this gap and cater to the burgeoning demand for industrial flex spaces.

How IndustrialArizona is Paving the Way for Developers

At IndustrialArizona.com, we're at the forefront of recognizing and addressing this supply-demand gap. Our commitment lies in bridging the divide between demand and supply in the industrial real estate sector by providing support to developers who are looking to capitalize on this opportunity. With a keen eye on market trends and an understanding of the evolving needs of businesses, we aim to pave the way for a thriving industrial flex space market in Arizona.

Seizing the Development Opportunity

The scarcity of industrial flex spaces presents a compelling call to action. It's an invitation for investors, developers, and businesses to delve into this uncharted territory and be part of reshaping Arizona's industrial landscape.