Prologis Ltd had already bought a factory for the distribution of 250,800 square feet in Phoenix for $ 9.1 million. (Report STPAnalyst). This led to more than 6 million square feet of net absorption of industrial space for large companies such as Amazon.com Inc. (AMZNAnalyst report) and Suntech Power Holdings Co., net absorption is the change in the total area occupied a certain area in a given period, usually based in the suburbs or a year. In the last 18 months, Phoenix has seen a lot of activities for the acquisition of large industrial buildings with a minimum of 200,000 square feet of contiguous space.
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