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Industrial activity is growing nationally, with major markets reaping the benefits of ecommerce demand, and the Phoenix market is no exception. In Southern California, however, that growth has meant an increasingly tight supply and little to no availability of land to build new supply. Phoenix, however, has ample land for new construction and—at least for now—a constrained construction pipeline. As a result, the supply-demand dynamics in Phoenix are in a healthy balance, and it could mean an extended runway for industrial activity.

Some markets, like Tempe, are already built out, but the ample land in the surrounding markets have buffered Phoenix from a supply problem. “Phoenix does not have the same supply problem as Southern California,” Steve McKendry, a broker and member of the board of directors at Daum Commercial, tells GlobeSt.com. “We have a lot of industrial land that is available going west. There is a significant amount of land available for large block distribution buildings, which are used for ecommerce. We also have land that can be divided and used for building small user buildings.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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