Phoenix has experience unprecedented growth in the last several years, and the pandemic has only helped to accelerate the market's expansion. While job growth and population growth have been credited as the drivers of the market growth, location has also played a major role. Phoenix is within an eight-hour drive of Southern California, and logistics companies looking for high quality space can access the local Phoenix population as well as major population centers in Southern California.
"In addition to land affordability, availability and shovel-ready sites, Phoenix is strategically located within an eight-hour drive to the ports of Southern California and the dense markets there, and Phoenix is also close to Mexico for an additional logistical advantage," Mark Seale, principal and director of brokerage services at
Avison Young, tells GlobeSt.com.
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Kelsi Maree Borland
