South Tempe is getting a major commercial boost as construction begins on the Warner Commerce Center, a 3-building industrial project near Warner Road and Priest Drive.
🔑 Key Highlights:
- Developer: Greystar, a major national player known for large-scale projects.
- Size: 325,000 square feet across three Class A buildings.
- Location: Strategic proximity to I-10 and US 60, boosting logistics access.
- Purpose: Designed for e-commerce, manufacturing, and logistics tenants.
💼 Why It Matters for Investors:
- Industrial demand is booming across the Valley, especially in Tempe due to its central location.
- These projects bring jobs, traffic, and tenant demand—great news for nearby residential rental investors.
- New development keeps pressure on local infrastructure and housing supply, often pushing single-family rental demand up in surrounding neighborhoods.
📈 Bottom Line:
This is another signal that Tempe remains a high-growth, high-opportunity zone for both commercial and residential investors. Increased industrial presence typically translates into more demand for housing nearby—especially SFRs with easy freeway access.