Phoenix ranks fifth nationally among the markets with the largest share of the top 100 industrial leases in the first half of 2025, according to a new report from CBRE .

Phoenix had four of the top 100 leases, totaling 2.2 million square feet, with 24.4 percent of its transactions being renewals in the first half of 2025.

INDUSTRY INSIGHTS: How Arizona contractors are evolving to deliver historic industrial growth

“Given Arizona’s business-friendly environment, deep and diverse labor base, as well as proximity to the Port of Long Beach, Phoenix continues to see unprecedented demand in the big box industrial space, which includes general Distribution, e-commerce, apparel and food and beverage users, among others. Over the past 24 months, Phoenix has had 9.5 million sq. ft. of abso

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