Mesa, AZ, is witnessing an incredible surge in industrial development, especially around the Phoenix-Mesa Gateway Airport, ZIP code 85212. A recent CoStar Group Inc. report highlights this area as the nation’s leader in speculative industrial space construction.
The growth is staggering. Since 2019, the industrial space in this ZIP code has expanded from 4.6 million square feet to a whopping 16 million square feet. Currently, there’s an additional 8.7 million square feet of space being developed, with over 75% available for lease. This means around 6.75 million square feet of this new industrial space is still up for grabs – the largest unleased space in any U.S. ZIP code.
Rusty Martin, the Southwest division general manager for Graycor Construction Co., who has lived near Mesa Gateway Airport for two decades, marvels at the transformation. Back then, the airport was the only significant landmark. Today, the area is a bustling hub of industrial activity, with Graycor working on 8-10 projects at any time and pursuing 15-20 more.
This remarkable growth in Mesa’s 85212 ZIP code reflects the area’s evolution and potential, making it a key area for industrial development and investment opportunities.