Demand for warehouses outpacing supply in Phoenix


There was a 35 percent difference between the pro-forma rent, or what a developer could reasonably expect to charge in rent, compared with the break even rent, which is what a developer would need to simply cover costs.

Previous First look: See renderings, drone footage of $80 million Frontenac development
Next MKA CEO Ron Klemencic has built some of the world's tallest towers — and they keep getting taller