Here’s where Ryan Cos. is set to develop 2 million square feet

Article originally posted on Phoenix Business Journal on December 5, 2024

Over the past few years, industrial developers have flooded into the Phoenix market to take advantage of opportunities in fast-growing hubs around the Loop 303 and the Phoenix-Mesa Gateway Airport.

With an oversupply of warehouses on the fringes on the Valley, one commercial developer has decided to target largely built out submarkets for a handful of projects totaling 2 million square feet.

“Twenty four months ago, we started to see the writing on the wall,” said John Paul Mulhern, director of real estate development for Ryan Cos.

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