Phoenix Weekday Intelligence

Weekday Intelligence Feed

Today's Top Stories

Friday, October 23, 2026 · Updated every weekday morning.

Metro Phoenix Industrial Rents Reach a Cycle High of $1.01 per SF as Vacancy Falls to About 9.5%

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JLL's Q3 2026 Phoenix Industrial Market Overview shows net absorption of 3.2M SF, down from 6.3M SF in Q2, and 16M SF year to date versus 17M SF for all of 2025. Vacancy is about 9.5%, down from 13.2% a year earlier, and average asking rent is $1.01 per SF per month, up from $0.94 in Q2. About 20M SF is under construction, 51.7% of it pre-committed. Advanced manufacturing and data center users account for 47.2% of leased space in the first nine months of 2026. Source: AZ Big Media, October 23, 2026.

The Opportunity: Rising rents and a shrinking supply of large-box space favor tenants who plan early and owners who price correctly. If you're evaluating a similar industrial lease or sale opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Construction Input Costs Jump 11.9% as Steel, Copper, and Diesel Prices Surge

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The Associated General Contractors of America reports nonresidential construction input prices rose 11.9% from September 2025 to September 2026, the largest increase in four years. Steel mill products are up 27.6%, copper and brass mill shapes 30.0%, and diesel fuel 115.2%, with some structural steel suppliers reporting order books full through spring 2027. Source: AZ Big Media, October 22, 2026.

The Opportunity: Higher build costs and longer steel lead times can make existing, well-located buildings more valuable. If you're evaluating a development, build-to-suit, or acquisition decision, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Two Industrial Leases Close in Tucson and Goodyear

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Commercial Properties Inc./CORFAC International facilitated the lease of a 20.6K SF, 29-door cross-dock terminal on 3.03 AC at 601 W. Flores St. in Tucson to Dedicated Delivery Professionals, a less-than-truckload carrier. The firm also leased a 17.04K SF industrial outdoor storage property on 6.17 AC at 597-599 S. Litchfield Rd. in Goodyear to Englund Equipment Company. Source: AZBEX, October 20, 2026.

The Opportunity: Cross-dock terminals and industrial outdoor storage remain active niches for trucking and equipment users. If you're evaluating a similar industrial lease opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Time Mission Plans First Arizona Venue at Sonora Village in Scottsdale

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Time Mission plans to open an approximately 10K SF venue in 2027 at 15745 Hayden Rd. in Scottsdale, its first Arizona location. LOL Entertainment will develop the space in Sonora Village, owned by YAM Properties. Construction begins next year, with opening targeted for late spring or summer 2027. Source: AZBEX, October 20, 2026.

The Opportunity: Experiential concepts continue to fill retail space in established Scottsdale centers. If you're evaluating a similar retail or entertainment space opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

This Week in Review: Industrial Rents, Taiwan-Linked Buyers & New Supply

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This week's intelligence spanned Alexan Kierland's resized 319-unit plan, 174 new hotel rooms at Gallery Park in Mesa, a $10.56M Deer Valley manufacturing sale to a Taiwanese investor, Trinity Capital's lease at 333 Tower, Sierra Ridge Capital's $31M purchase of a fully leased 123K SF building, AndMark's $18.05M Tucson apartment buy, The Buttes Commerce Center's 233,479 SF, and JLL's report of a $1.01 per SF cycle-high industrial rent.

The Opportunity: This week's deal flow shows capital and users active across industrial, multifamily, office, and retail. If you're ready to move on any of this week's opportunities, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Metro Phoenix Industrial Vacancy Falls 240 bps; Deliveries Projected Near 9M SF

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Marcus & Millichap's Q4 2026 report shows Metro Phoenix industrial vacancy down 240 bps over the 12 months through June, with vacancy in spaces over 250,000 SF below 10%. Deliveries are projected to fall nearly 50% from 2025 to about 9M SF in 2026, the lowest annual total since 2019, and two bulk warehouses over 1M SF are scheduled for completion along the Loop 303 corridor. Average asking rent is forecast to rise 1.1% to $12.35 per SF by year-end. Spaces of 50,000 to 100,000 SF recorded negative absorption. Source: AZ Big Media, October 15, 2026.

The Opportunity: Tightening large-format availability and a thinner delivery pipeline favor tenants who plan early and owners who price correctly. If you're evaluating a similar industrial lease or sale opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Future48 Aerospace Workforce Accelerator Opens in Mesa with $6.4M from ACA

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Arizona's first Aerospace & Defense-focused Future48 Workforce Accelerator held its grand opening October 14 in Mesa. The 14,058 SF renovated facility, funded with $6.4M from the Arizona Commerce Authority, will train nearly 1,000 students a year in composites, structures, and mechanical assembly. Maricopa Community Colleges and Chandler-Gilbert Community College lead, with industry partners including Honeywell Aerospace, Boeing, and Gulfstream. Source: AZ Big Media, October 15, 2026.

The Opportunity: Workforce training deepens the talent pipeline that aerospace and advanced manufacturing users look for in a site. If you're evaluating a similar industrial or flex opportunity near the Mesa and Chandler corridor, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Nonresidential Construction Input Costs Jump 11.9% Year Over Year

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The producer price index for inputs to new nonresidential construction rose 11.9% from September 2025 to September 2026, the largest increase in four years, per an Associated General Contractors of America (AGC) analysis. Steel mill products rose 27.6%, copper and brass mill shapes 30.0%, and diesel fuel 115.2%. AGC says most firms are absorbing the increases amid soft demand, except for data centers. Source: AZ Big Media, October 15, 2026.

The Opportunity: Rising input costs make early budgeting and entitlement timing critical for new development. If you're evaluating a build-to-suit or development opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Pine Haven: $74.8M Construction Loan for 83 Flagstaff Townhomes

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Max Benjamin Partners, through vice president Cameron Lind, secured a $74.8M nonrecourse construction loan for Red Oak Development's Pine Haven, an 83-townhome community on about 13.8 AC in Flagstaff. The lender was not named. Source: Real Estate Daily News, October 15, 2026.

The Opportunity: Construction lenders are still funding well-positioned Arizona residential projects. If you're evaluating a similar land or development opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

This Week in Review: Taiwan Ties, Industrial Capital & Tucson Multifamily

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This week's intelligence spanned the Taipei Economic and Cultural Office opening in Phoenix, Promise Robotics' D.R. Horton agreement, PICOR's $2.56M, 55-unit Tucson apartment sale, Mount Graham Regional Medical Center's planned 184,000 SF Safford hospital, Dermody's 1,213,930 SF Copperwing Phase II, VanTrust's 463,079 SF VT101 Phase II, and JLL's $718.2M Project Pegasus financing on 52 Phoenix industrial properties.

The Opportunity: This week's deal flow shows capital and users active across industrial, multifamily, healthcare, and land. If you're ready to move on any of this week's opportunities, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

The Weekly Intelligence Rhythm

Five Days. Five Questions.
One Step Ahead.

Every edition is built around a single weekday question — the question that surfaces the best deals, the sharpest prospects, and the most timely opportunities. Click any day to read this week's actual intelligence.

Monday

October 19

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What is being built next?

Development projects, groundbreakings, entitlements, and permits that signal where the market is heading.

Lead Story

Trammell Crow Residential appears to be taking over the Alexan Kierland multifamily project (formerly Icon Kierland) at 14646 N. Kierland Blvd. in Phoenix, with units reduced from 370 to 319. Related Group bought the site in 2023 for $32M after securing rezoning to replace a two-story office building. Source: AZBEX, October 16, 2026.

Also Watching

VIVO Development Partners opened a 174-room Tempo by Hilton and Homewood Suites pair at the NEC of Power and Ray Roads in Mesa's Gallery Park. Source: AZBEX, October 16, 2026.

The Opportunity

Entitled multifamily sites and new hospitality product show where builders and capital are placing their next bets. If you're evaluating a similar development or land opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Tuesday

October 20

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Who is creating future demand?

Business expansions, corporate relocations, GPEC wins, and company announcements that translate into space requirements.

Lead Story

DAUM Commercial sold a 43,338 SF Deer Valley manufacturing building at 2520 E. Rose Garden Ln. to a private Taiwanese investment company for $10.56M, the largest of four Deer Valley industrial sales totaling more than 92,000 SF in just over 30 days. About 80,000 SF went to Taiwan Semiconductor Manufacturing Company (TSMC) vendors or overseas investors. Source: Real Estate Daily News, October 20, 2026.

Also Watching

Trinity Capital signed a long-term lease for the top 2½ floors of 333 Tower in downtown Phoenix. Source: Real Estate Daily News, October 19, 2026.

The Opportunity

Suppliers to the TSMC corridor and finance users are creating future demand for industrial and office space. If you're evaluating a similar opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Wednesday

October 21

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Where is capital moving?

Investment sales, capital markets activity, and financing trends showing where smart money is flowing.

Lead Story

Sierra Ridge Capital bought the fully leased 123K SF industrial building at 3137 E. Elwood St. in Southbank Business Park, Phoenix, for $31M, about $252 per SF, with Newmark representing the buyer. Source: AZBEX, October 20, 2026.

Also Watching

AndMark bought The Place at 2120, a 202-unit Tucson apartment community, for $18.05M, or $89,356 per unit. Source: Real Estate Daily News, October 21, 2026.

The Opportunity

Capital is moving into fully leased industrial and per-unit-priced Tucson multifamily. If you're evaluating a similar industrial or multifamily acquisition or sale, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Thursday

October 22

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Where is growth happening?

On-location coverage of the submarkets and corridors seeing the most real momentum right now.

Lead Story

The Buttes Commerce Center is under construction at 1401 S. 52nd St. in Tempe: two speculative industrial buildings totaling 233,479 SF on 13 AC with 32-foot clear heights, built by Ryan Companies US, Inc. for a private institutional client, with completion set for September 2027. Source: AZ Big Media, October 21, 2026.

Also Watching

Primak Construction Group completed Falcon 12, a 68,500 SF, four-building aviation development with 12 hangars at Falcon Field Airport in Mesa. Source: AZ Big Media, October 20, 2026.

The Opportunity

Growth is showing up in new Tempe industrial supply and airport-adjacent aviation space. If you're evaluating a similar industrial or aviation space opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Friday

October 23

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What's moving the market this week?

A roundup of the week's stories across every sector, for readers who only have five minutes.

A Move Worth Watching

JLL reports Metro Phoenix industrial asking rents at a cycle-high $1.01 per SF per month with vacancy near 9.5%, while Sierra Ridge Capital paid $31M for a fully leased 123K SF building and The Buttes Commerce Center started 233,479 SF of new Tempe supply.

Why It Matters

Rents, pre-leasing, and construction costs are all rising together, which favors well-located buildings and tenants who plan early.

The Opportunity

Whether it's an industrial lease, a sale, or a build-to-suit decision, this week's stories are full of angles worth a closer look. I'm the CRE broker on the ground in this market every day. Call me: amy@amyphoenixcredailyintel.com | 480-382-1833

Intelligence Archive

Monday

October 12

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What is being built next?

Development projects, groundbreakings, entitlements, and permits that signal where the market is heading.

Lead Story

Mack Real Estate Group, working with McCourt Partners, is requesting nine zoning changes across about 3,721.6 AC of the Halo Vista PUD at the NWC of I-17 and Loop 303 in Phoenix, including residential height of 120 feet, Commerce Park uses east of TSMC, and battery energy storage. Source: AZBEX, October 9, 2026.

The Opportunity

What gets built next depends on entitlements and repositioning. If you're evaluating a similar land, entitlement, or conversion opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Tuesday

October 13

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Who is creating future demand?

Business expansions, corporate relocations, GPEC wins, and company announcements that translate into space requirements.

Lead Story

The Taipei Economic and Cultural Office opened in Phoenix October 5 to support Taiwanese companies establishing operations in Arizona. Taiwan is Arizona's second-largest trading partner, with more than $21.2B in bilateral trade last year, per AZ Big Media, and the ACA signed an MOU on supply-chain integration and workforce development. Source: AZ Big Media, October 11, 2026.

The Opportunity

Taiwanese suppliers and automated builders are creating future demand for industrial, flex, and land. If you're evaluating a similar industrial or land opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Wednesday

October 14

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Where is capital moving?

Investment sales, capital markets activity, and financing trends showing where smart money is flowing.

Lead Story

PICOR sold two Tucson apartment properties totaling 55 units for a combined $2.56M, about $46,545 per unit. Flower and Columbus (26 units) sold for $1.5M, about $57,692 per unit, and Delano and Balboa (29 units, built 1947 and 1948) sold for $1.06M, about $36,552 per unit. Cushman & Wakefield's Allan Mendelsberg and Joey Martinez were the brokers. Source: Real Estate Daily News, October 14, 2026.

The Opportunity

Capital is moving into value-add Tucson multifamily while lenders and landlords reassess experiential tenants. If you're evaluating a similar multifamily or retail opportunity, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Thursday

October 15

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Where is growth happening?

On-location coverage of the submarkets and corridors seeing the most real momentum right now.

Lead Story

Dermody will begin Phase II at LogistiCenter at Copperwing in El Mirage, adding Buildings 3 and 4 (693,760 SF and 520,170 SF) for 1,213,930 SF of speculative industrial with delivery estimated Q3 2027. The 961 AC park is about 27 minutes from TSMC's Phoenix-area campus. Source: AZ Big Media, October 14, 2026.

The Opportunity

Growth is concentrating in West Valley industrial, where Phase I space has leased and large-format supply is now rising. If you're evaluating a similar industrial requirement, let's talk. amy@amyphoenixcredailyintel.com | 480-382-1833

Friday

October 16

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What's moving the market this week?

A roundup of the week's stories across every sector, for readers who only have five minutes.

A Move Worth Watching

JLL's $718.2M financing for Project Pegasus, 52 Phoenix industrial properties totaling 5.2M SF, alongside Dermody's 1,213,930 SF Copperwing Phase II and VanTrust's 463,079 SF VT101 Phase II, plus the Taipei Economic and Cultural Office opening, Promise Robotics' D.R. Horton agreement, and PICOR's 55-unit Tucson multifamily sale.

The Opportunity

Whether it's industrial space, land, multifamily, or healthcare, this week's stories are full of angles worth a closer look. I'm the CRE broker on the ground in this market every day. Call me: amy@amyphoenixcredailyintel.com | 480-382-1833

What's Inside Every Edition

Five Intelligence Modules.
One Competitive Advantage.

Click any module to see this week's actual intelligence.

💰 Investor Intelligence & Capital Markets

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Transactions, cap rates, REIT performance, lending conditions, and institutional capital flows — what sophisticated capital is doing in Phoenix and nationally right now.

Industrial Capital Watch

JLL reports Q3 net absorption of 3.2M SF and year-to-date absorption of 16M SF, against 17M SF for all of 2025.

Construction Cost Watch

AGC reports nonresidential construction input prices up 11.9% year over year, the largest increase in four years.

Retail Investment Watch

Time Mission plans an approximately 10K SF venue in Sonora Village, owned by YAM Properties, for a 2027 Scottsdale opening.

🏗 Developer Watch

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Active construction projects, entitlements, and new starts across Phoenix and Tucson — with the tenant rep, owner rep, or referral opportunity each one creates.

Industrial Pipeline Watch

JLL counts about 20M SF of Metro Phoenix industrial under construction, 51.7% pre-committed, with 11M SF in the West Valley.

Materials Cost Watch

AGC reports steel mill products up 27.6% and copper and brass mill shapes up 30.0%, with some structural steel order books full through spring 2027.

Entertainment Development Watch

LOL Entertainment will develop Time Mission's 10K SF venue at 15745 Hayden Rd., with construction beginning next year.

🏢 Landlord Update

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Vacancy trends, new supply, rent movement, and sector snapshots across all five asset classes — so owners know exactly where they stand.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 12.4% vacancy per Q1 2026 data, down 120 bps year-over-year as new deliveries fell 82% | Retail: 4.5% vacancy, rents up nearly 7% year-over-year to $1.73 PSF per month | Office: 16.9% vacancy in July, down 60 bps year-over-year and below the 17.7% national rate, per CommercialCafe | Medical Office/Biosciences: Roughly 297,000 SF under construction metro-wide, concentrated in the Southwest Valley, Buckeye and Queen Creek, per Plaza Companies | Multifamily: Q1 net absorption of 6,261 units, the strongest quarterly performance in at least 26 years | Mixed-Use: Mesa's approved $3B Legacy Park shows continued owner confidence in large-scale mixed-use land near the Gateway corridor

Industrial Landlord Watch

Average industrial asking rent is $1.01 per SF per month, up from $0.94 in Q2: $1.11 in the Southeast Valley and $0.93 in the West Valley, per JLL.

Vacancy Watch

Industrial vacancy is about 9.5%, down from 13.2% a year earlier, per JLL.

📦 Tenant Tracker

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Companies expanding, relocating, or contracting across Phoenix and Tucson — with size requirements, timelines, and target submarkets when available.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 12.4% vacancy, down 120 bps as deliveries slow | Retail: 4.5% vacancy, rents up nearly 7% year-over-year | Office: 16.9% vacancy in July, down 60 bps year-over-year, per CommercialCafe | Medical Office/Biosciences: Roughly 297,000 SF under construction metro-wide, concentrated in the Southwest Valley, Buckeye and Queen Creek, per Plaza Companies | Multifamily: Q1 net absorption of 6,261 units, strongest in 26+ years | Mixed-Use: Mesa's approved $3B Legacy Park shows continued owner confidence in large-scale mixed-use land near the Gateway corridor

Industrial Tenant Watch

Dedicated Delivery Professionals leased a 20.6K SF cross-dock terminal in Tucson, and Englund Equipment leased 17.04K SF of outdoor storage space in Goodyear.

Advanced Manufacturing Tenant Watch

Advanced manufacturing and data center users took 47.2% of leased industrial space in the first nine months of 2026, per JLL.

🌍 National & Global Market Watch

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The macro stories with direct Phoenix & Tucson implications — Fed policy, tariffs, foreign investment, and international capital flows shaping local CRE decisions.

Seniors Housing Debt Watch

About $2.24B of securitized seniors-housing debt reaches hard maturity between November 2026 and December 2027. Published October 22.

Retail Investment Watch

Phillips Edison paid $52.8M, or $219.66 per SF, for the 244,924 SF Rice Lake Square in Wheaton, Ill. Published October 22.

Apartment Pricing Watch

Brandywine sold the 341-unit Solaris in Austin, Texas, for $136M, about $398,827 per unit. Published October 22.

Cold Storage Watch

BGO and Banner paid $36.15M for a cold-storage facility in the Miami area. Published October 22.

Who to Call This Week

I'm the CRE Broker Who Can Initiate These Conversations

Industrial owners and landlords — JLL puts Metro Phoenix asking rents at a cycle-high $1.01 per SF per month.

Industrial tenants — JLL reports mid-bay space of 100K to 350K SF drove nearly all of Q3 absorption, so early planning matters.

Developers and builders — AGC reports construction input prices up 11.9% year over year.

Trucking, equipment, and retail users — Tucson cross-dock, Goodyear outdoor storage, and Scottsdale entertainment space all leased this week.

Email Amy → amy@amyphoenixcredailyintel.com Call Amy → 480-382-1833

Your Intelligence Source

Amy Dattilo

First Vice President · Founder, Phoenix Weekday Intelligence · Commercial Real Estate Strategist & Market Intelligence Advisor

Amy Dattilo is a Commercial Real Estate Strategist and Market Intelligence Advisor specializing in the Phoenix metropolitan area, with more than 15 years of experience. She continues her focus in the retail/mixed-use and industrial divisions. She has represented both landlords and tenants while advising clients on investment projects across retail centers, industrial warehouse, flex, R&D, and medical office assets. Amy provides strategic guidance through market & financial analysis for lease & sale negotiations. Her expertise includes ground-up development for industrial and mixed-use sites, relationship management, and coordinating complex, multi-stakeholder transactions. She has also advised life science, aerospace & defense companies, across the Phoenix & Tucson markets.

Affiliated with and committed to the Arizona CRE community through ICSC, ULI, NAIOP, GPEC, and Commercial Real Estate Women (CREW), Amy has also contributed through her participation with the Tucson Metro Chamber's Public Affairs Committee and the Greater Phoenix Chamber's Economic Development Committee, where she served as Chair of the Business Retention & Expansion (BRE) Program. Through Phoenix Weekday Intelligence, she channels that same on-the-ground access into a weekday briefing built to create opportunity, not just inform.

15+

Years in Phoenix CRE

First VP

Licensed AZ Broker Since '07

Retail/Mixed-Use

& Industrial Focus

amy@amyphoenixcredailyintel.com

480-382-1833

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Intelligence Advantage

Today's Top Stories

Five Days. Five Questions.
One Step Ahead.

Five Intelligence Modules.
One Competitive Advantage.

I'm the CRE Broker Who Can Initiate These Conversations

Built for the People
Moving the Phoenix Market

Amy Dattilo

Start Getting theIntelligence Advantage

Today's Top Stories

Five Days. Five Questions.One Step Ahead.

Five Intelligence Modules.One Competitive Advantage.

I'm the CRE Broker Who Can Initiate These Conversations

Built for the PeopleMoving the Phoenix Market

Amy Dattilo

Every Weekday Morning

Start Getting the
Intelligence Advantage

Five Days. Five Questions.
One Step Ahead.

Five Intelligence Modules.
One Competitive Advantage.

Built for the People
Moving the Phoenix Market