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There have been a lot signs that Phoenix’s industrial market is coming into its own. Earlier this year, Phoenix was named a top buy market for investment, and it has seen rapid growth, both in absorption and rent. Now, significant speculative developments are coming to the market. Lincoln Property Co. has just delivered a 40-foot clear height speculative third-party logistics facility in Phoenix, illustrating the quality of the market and user demand.

“We saw a lot of activity in the ecommerce sector, and Phoenix is excelling in that market place because we have a great labor story,” David Krumwiede, EVP at Lincoln Property Co., tells GlobeSt.com. “We are less expensive from a labor perspective on a per hour basis and we have more affordable housing than a lot of our competitors. We most often are competitive with Southern California.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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