Mesa sees spike in industrial vacancies [Yahoo! Finance]
The Goodyear Tire & Rubber Company (GT)
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Source: Yahoo! Finance
The report published last week by investment management firm Colliers shows vacancy rates for industrial buildings rose sharply to 8.1% — the highest vacancy rate since 2017 — during the first quarter of this year. The Southeast Valley submarket — which includes Mesa as well as Gilbert and Chandler — had an even higher rate of empty space at 11.2% last quarter. That's an increase from 6.9% last year. Helping put the vacancy rate in real terms, the report states that there are currently 13 fully vacant buildings in the Valley that are larger than 500,000 square feet. The industrial real estate market is significant for Mesa because the city has seen a frenzy of industrial building in recent years. Late last year, the Phoenix-Mesa Gateway Airport zip code earned the distinction of having the largest pipeline of speculative industrial buildings in the country. Mesa's large inventory of available industrial buildings provides opportunities for business expansions and attraction
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GT
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- 5/6/24 - Miss
GT
Sec Filings
- 5/14/24 - Form 144
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 8-K
- GT's page on the SEC website