New construction drives Phoenix industrial rents

new-construction-drives-phoenix-industrial-rentsArizona Builder’s Exchange

The delivery of more than 2.8MSF of new industrial construction in Phoenix during the first half of 2016 has made an impact on the Valley, says the Phoenix office of JLL – in some cases pushing industrial rental rates by as much as 36 percent higher than their existing average. Customers looking for increased efficiencies are flocking to this new Class A space, which features amenities such as wide column spacing and clear heights of up to 36 feet.

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