Year-End 2012 Industrial Finishes Strong As CRE Recovery Takes Shape

PHOENIX, AZ – January 11, 2012 – (RealEstateRama) — The 2012 Phoenix Industrial Market posted a strong fi nish after a few bumps in the road earlier in the year. The year began with negative absorption in the fi rst quarter after a very strong Q4 11. The economy was stalling and investor confi dence seemed to be on the run. It was as though the industrial sector had suddenly backtracked. As the second quarter drew to a close, the sector came roaring back, posting nearly 2.5 million SF of positive absorption.