Phoenix is the sixth-largest city in the United States and one of the country’s fastest growing metropolitan areas. With a population of 4.4 million, the greater Phoenix metropolitan area is expected to add 1 million residents in the coming decade. The city’s growing consumer population makes Phoenix a burgeoning hub for logistics, distribution and warehouses.
Phoenix has a diversified economy, with increasing activity in the education, health care, tourism and manufacturing sectors.
Phoenix stands at the junction of two interstate highways and is serviced by Sky Harbor International Airport.
Rents and taxes are lower in Phoenix than in the city’s close-by Southern California logistics hubs. Phoenix’s cost advantage helps fuel local demand for big-box spaces and industrial real estate.
Prologis has multiple warehouse and industrial real estate properties in the Phoenix area, including several near the Sky Harbor International Airport.