Chandler, Arizona and the East Valley industrial and commercial real estate market.

” What people have had to pay for land and what people are paying now to build those buildings, it hasn’t hit the tenants yet in the increased rental rates,” she said. ” It will hit them in the next two years and that’s when some of the older projects that have probably stood vacant for a while are going to see complete lease-up. People that have product on the market already that built before these costs went up are going to have an advantage because their cost point will be lower.