TSMC'S RIPPLE EFFECT ON PHOENIX CRE

https://www.trendforce.com/news/2025/05/12/news-tsmcs-165b-arizona-investment-to-create-12000-jobs-once-all-facilities-are-operational/

TSMC's $165B expansion is pulling dozens of suppliers, engineering firms, and technical contractors into Phoenix - and they're quietly absorbing office, flex, and industrial space across the North Valley. Submarkets near the fabs are already showing the same tightening pattern Chandler experienced as Intel scaled its campus. Rising occupancy, quick absorption with fewer options.

Negotiation leverage may be shifting.

The Small Conference Room