Grand Forty Five Gateway — Lease in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85031

Description

Now Available for Lease, Industrial, 45TH AVE. LOGISTICS PARK Building 2 located at 4507 North 45th Avenue. Available square footage 184,955 SF.

Market Context

This industrial in Phoenix, AZ is listed for lease. Compare it against other industrial listings for lease in Phoenix, AZ — view the full market.

As of Q2 2026, the Phoenix industrial market showed an 11.4% vacancy rate, average asking rents near $13.62/SF/yr, and rents up 2.8% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Phoenix industrial market tightening or softening?
Vacancy is around 11.4%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$1.07/SF/mo – $1.45/SF/mo

Mid: $1.26/SF/mo

Based on comparable properties in similar markets rather than local sales.

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