Robust Blue-Collar Hiring Supporting Industrial Space Demand in Phoenix, Though Rents Decline

Phoenix, AZ – May 18, 2011 – (RealEstateRama) — In step with national economic growth, the outlook for the Phoenix industrial market continues to improve. Nationwide blue-collar sectors expanded by 1% over the past two quarters, the greatest six-month gain since mid-2006. Moreover, both manufacturing production and new factory orders increased for more than 21 consecutive months through March.