Blockchain Registration Transaction Record

ViaWest Sells Gilbert Industrial Asset in $3.6M Owner-User Deal

ViaWest Group sells Gilbert industrial building for $3.6M through JLL Phoenix, highlighting owner-user demand in metro Phoenix's tight industrial market with scarce flex space availability.

This transaction signals a significant shift in industrial real estate preferences, with more operators choosing ownership over leasing in tight markets like Phoenix's East Valley. For businesses considering expansion or relocation, this trend could mean fewer available properties for lease and potentially higher acquisition costs as competition intensifies for owned industrial space. The strong demand in technology, advanced manufacturing, and aerospace sectors suggests continued economic growth in the region, potentially creating more job opportunities and driving up commercial property values. Investors should note the scarcity of sub-50,000-square-foot flex buildings, which could present both challenges for tenants and opportunities for property owners in one of the nation's fastest-growing industrial markets.