Phoenix, the capital city of Arizona, is the fifth largest city in the United States. The Greater Phoenix Area is home to Arizona State University and is one of the fastest growing and dynamic metropolitan regions in the country with a current metro population of 4.95M. Phoenix has an average temperature of 75 degrees with more than 300 days of sunshine annually. The desirable climate along with a young, skilled, and diverse workforce and favorable operating costs makes it a sought-after location for many businesses to operate. Phoenix is served by Sky Harbor International Airport, the 9th busiest airport in the United States and has two Interstates: Interstate 10, which runs west to California and east to Florida, and Interstate 17, which runs north to Flagstaff. The Greater Phoenix area continues to be a hotbed for Autonomous and Electric Vehicle research and development, Semiconductor Manufacturing and Aerospace and Defense industries.
EastGroup’s Phoenix assets are strategically located near interstate and airport infrastructure and are designed to accommodate customers ranging from 10,000 – 125,000 square feet. EastGroup has developed more than 55% of its Phoenix portfolio.