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Phoenix is attracting new industrial prospects. According to a new report from JLL, the Phoenix market is number one for attracting new and expanding industrial users. This includes 83 tenants in the market that are looking to lease a total of 30 million square feet. The local and state governments have made a tactical effort to attract industrial users and enhance the industrial labor force, and it has paid off. In particular, the state recently removed 1,200 regulations that is deemed unnecessary and created a licensing reciprocation program to honor licenses in other states.

“We have a very pro-business state government,” Anthony Lydon, managing director at JLL, tells GlobeSt.com. “This has enabled us to get qualified workforce into the labor pool sooner, quicker faster. That is one of the reasons why Phoenix has done so well because of the bandwidth that we have in runway as it relates to qualified workforce. Many of the tier one cities are starting to bump up against the wall in terms of qualified workforce, yet Phoenix continues to deliver there.”

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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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