Phoenix, AZ

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 exceeding 5 million. 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 8th 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, Data Centers, and Aerospace and Defense industries. The Greater Phoenix area has been a major benefactor of the CHIPS Act, with TSMC building three fabs in Northwest Phoenix with a total estimated investment of $65 billion and Intel constructing two additional fabs in Chandler valued at $20 billion, both bringing a myriad of new jobs and suppliers to the valley. EastGroup’s Phoenix assets total over 3.5 million square feet. They are strategically located near interstate and airport infrastructure and are designed to accommodate customers ranging from 10,000 – 150,000 square feet. EastGroup has developed over half of its Phoenix portfolio.