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Smaller Industrial Tenants Driving Absorption in Phoenix’s Recovery

Jones Lang LaSalle is reporting in its Q1 industrial report that despite seasonal lay-offs, Phoenix has recorded another month of steady job gains. The Valley added 43,000 new jobs over the last 12 months, a 2.4 percent annual gain. The trade, transportation and utilities sector added 8,400 new jobs, a testament to growth in retail

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