Dermody Adding 1.2M-SF to El Mirage Industrial Venture
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
Dermody will begin construction on Buildings 3 and 4 at LogistiCenter at Copperwing in El Mirage, Arizona, with delivery estimated for the third quarter of 2027. Building 3 totals 693,760 square feet and Building 4 to…
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