According to a new report from CBRE, a real estate services firm, 54.4 million square feet of industrial space has been absorbed in the Phoenix area since 2013. During that time, only 43.3 million square feet was constructed. That means the Phoenix area is a good location for those seeking investments in industrial and logistics real estate, which includes clusters of warehouse and distribution real estate. We talk to Rusty Kennedy, a local industrial broker, about the Valley’s strength in this vital real estate sector.
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