As industrial demand in Phoenix evolves, Bob O’Neill, executive vice president, CapRock Partners, discusses how the market is reshaping, from the rise of advanced manufacturing to the growing influence of reshoring and supply chain diversification. He addresses how large-scale corporate investments are driving new ecosystems of users and creating more complex, technology-oriented demand profiles across the region. The conversation also explores how developers are adapting, with a focus on flexible building design, power infrastructure and phased development strategies to manage risk. O’Neill outlines what differentiates this cycle from prior growth periods, including a broader tenant base and shifting occupier priorities around speed, efficiency and scalability. H
