The latest commercial real estate news and developments.
Phoenix's industrial vacancy rate fell 90 basis points in Q4 2025, its sharpest quarterly decline since 2021, as logistics and advanced manufacturing tenants absorbed 4.4 million square feet across the Valley.
IAC Properties has commenced construction on IAC Pleasant Run, a two-building, 727,080-square-foot speculative industrial development on 52.8 acres in Lancaster, Texas, with delivery expected in early 2027.
Prologis leased more industrial space than ever in 2025, and Chicago's warehouse market remains a top destination for logistics operators and e-commerce fulfillment.