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![Page 1: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/1.jpg)
Adding value through market research
Phoenix . Q1 2013Your partner in commercial real estate
Mark Detmer, SIOR, CCIMManaging Director+1 602 282 6289Cell +1 602 448 [email protected]
![Page 2: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/2.jpg)
'99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '162,000,000
2,250,000
2,500,000
2,750,000
3,000,000
3,250,000
3,500,000
3,750,000
4,000,000
4,250,000
4,500,000
4,750,000
5,000,000
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
Population Ind RBA
Phoenix Metropolitan AreaPopulation Growth vs. Industrial RBA 1999 – 2016 Forecast
Source: U.S. Bureau of Census, Moody’s Analytics, Jones Lang LaSalle Research
Forecast
Population (in thousands)
Industrial RBA(in thousands)
5.4 millionsquare feet
100,000people
=+354,100 people
+19 million square feet
![Page 3: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/3.jpg)
'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '160
250
500
750
1,000
1,250
1,500
1,750
2,000
Total Industrial All Other Forecast
+170,000 jobs
+76,600 industrialjobs
Phoenix Metropolitan AreaTotal Employment – Non-Farm Jobs Count from 1990 – 2016 Forecast
Source: U.S. Bureau of Labor Statistics, Moody’s Analytics, Jones Lang LaSalle Research
30%Industrial Employment
Jobs (in thousands)
![Page 4: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/4.jpg)
'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13
-5,000
-2,500
0
2,500
5,000
7,500
10,000
12,500
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
15.2%16.3%
15.2%
11.6%
7.1%6.3%
7.2%
4.8%
7.2% 7.5% 7.6%8.6%
9.6%10.3%
9.0%
7.2% 7.1%
9.0%
13.7%
16.5%15.2%
12.7%11.5% 11.1%
2.2%
-0.3%1.1%
4.9%
6.6% 7.2% 7.3%
5.4% 5.4%4.6%
3.5%
1.2%0.0%
1.5%
3.9%
6.2%5.4%
1.7%
-2.5%
-7.9%
-1.9%
1.5%2.4%
1.7%
Completions Absorption Vacancy Job Growth
Phoenix Metropolitan AreaIndustrial Completions & Net Absorption vs. Market Vacancy & Job Growth
Source: Jones Lang LaSalle Research
Square Feet (in thousands)
Market vital statistics
Population Historic average yearly job growth
Historic average vacancy
Historic average yearly absorption
Historic average yearly development
4,339,600 2.5% 10.4% 4.4M 5.3M
![Page 5: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/5.jpg)
Phoenix Metropolitan AreaIndustrial Developments
Construction in progress (100,000 s.f.+)
FAB 42 (Intel Corporation)
1,000,000 s.f. – est. delivery Q1 2013
Estrella Logistics Center
593,600 s.f. – est. delivery Q2 2013
Living Spaces
435,000 s.f. – est. delivery Q2 2014
Southwest Products
164,000 s.f. – est. delivery Q4 2013
TJX Distribution – ProLogis Park
1,200,000 s.f. – est. delivery Q2 2013
Coldwater Depot Logistics Center
600,000 s.f. – est. delivery Q2 2013
ProLogis Park Riverside
486,000 s.f. – est. delivery Q2 2013
4550 Watkins Street
313,600 s.f. – est. delivery Q2 2013
Intel Chandler
285,000 s.f. – est. delivery Q3 2014
43rd Avenue Logistics Center
394,775 s.f. – est. delivery Q4 2013
Project Green Box
130,000 s.f. – Delivered Q1 2013
Elliot Business Park Building 5
158,000 s.f. – Delivered Q1 2013
Elliot Business Park – Building 6
158,000 s.f. – Delivered Q1 2013
Construction completed – First Quarter 2013
5.5 millionsquare feet under construction
Image Not Available
![Page 6: Adding value through market research Phoenix. Q1 2013 Your partner in commercial real estate Mark Detmer, SIOR, CCIM Managing Director +1 602 282 6289.](https://reader035.fdocuments.in/reader035/viewer/2022070414/5697c00e1a28abf838cca17f/html5/thumbnails/6.jpg)
Phoenix Metropolitan AreaTenants in the Market
9 4 5 5 1 1
2Q | 2013 3Q | 2013 4Q | 2013 1Q | 2014 2Q | 2014 3Q | 2014 4Q | 2014 1Q | 2015
1,464,000 sf 1,325,000 sf 1,975,000 sf 2,140,000 sf
0 0
530,000 sf750,000 sf
16.4 millionCurrently tracking
square feet of requirements
Absorption Forecast
Preliminary Search
32%Actively Touring
32%Proposals Out
24%Lease Negotiations
12%
Requirement Status