Complete Story
07/29/2022
Cushman & Wakefield's Q2 2022 Phoenix Development Study
By Paul Boyle, Executive Director and AZSA Member
Cushman & Wakefield
Development Study Summary
There were 9 grand openings of self-storage facilities in Maricopa County in Q2/22, adding over 705,000 square feet and about 1,880 units to supply in the Phoenix area. Year to date, 17 new facilities have opened, adding a total of 1.3 million square feet and over 4,900 units to supply so far this year.
Developers continue to show confidence in the Phoenix market, evidenced by the 25 new facilities currently under construction. The 25 currently under construction include 3 in Phoenix, 12 in cities west of Phoenix (Glendale/Goodyear/Surprise), 6 east of Phoenix (Gilbert/Mesa/Queen Creek) and 4 in Scottsdale. There are another 78 facilities in the planning stage.
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