By Chris Keeley
Industrial sales in the Deer Valley Airpark are on a record breaking pace in the first quarter of 2018. With the most recent sale of the 310,000 square foot portfolio at Parc Pinnacle for $30,300,000 and with many other buildings in escrow, the second quarter looks just as promising.
It looks like the only thing that will slow down this industrial market will be a lack of inventory. We should expect a hefty influx of new construction over the next 18 months just to catch up with demand.
The Deer Valley Airpark remains one of the hottest markets in the Greater Phoenix Area and this next year looks very positive for continued growth.