JLL releases Q3 2026 Phoenix Industrial Market Overview The Phoenix office of JLL has released its Q3 2026 Phoenix Industrial Market Overview, noting vacancies holding steady, net absorption moderating, asking rents rising and the construction pipeline expanding as the Valley’s industrial sector heads into year-end. Phoenix's industrial market saw absorption moderate in Q3 2026, with total net absorption reaching 3.2 million square feet, roughly half the pace of the recorde