Name: Why Amazon, UPS and Others Are Filling Warehouses Along This Arizona Highway | WSJ
Uploaded: 2023-06-29T14:58:06.000Z
Duration: 4 min 58 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

- [Narrator] This is a strip of Arizona Highway,

there are now close to 40 warehouses with more coming soon.

This strip has become one of the fastest growing markets

for industrial real estate in the country,

as companies look to shift how they move goods

- To my right would be the new Walmart Distribution Center.

- [Narrator] Amazon, REI, Dick Sporting Goods, UPS and more

which sits about 20 miles west of Phoenix,

that connects Interstate 10 to Interstate 17.

But much of the development is happening here

between I-10 and US-60, an area that was once farmland.

- Everything from cotton to other types of feed stock

And over time the land became increasingly valuable

to industrial developers or residential developers.

and build the kind of product you see today.

- [Narrator] That product, massive warehouse spaces

like this building that will soon be a distribution center

- - We are trying to be prepared for the future

and therefore we decided to go to Arizona,

and we will build there 1.1 million square foot facility.

- [Narrator] Companies through the second quarter

had leased a net total of 16 million square feet

of industrial space in the greater Phoenix area.

That put it up there with Chicago and Dallas Fort Worth

- Developers are confident that there are more companies

And they're saying, "We're gonna make a bet

- [Narrator] Another 19.8 million square feet

of industrial space is now under construction

in the Phoenix region which includes the Loop 303 corridor.

look about 300 miles west where there is a bottleneck

at the West Coast traditional freight hub,

Many of the shipments from the ports of Los Angeles

and Long Beach stop here after leaving the docks.

the warehousing market has a vacancy rate

that otherwise would've been leasing space there

Puma considered adding more space in Torrance

where it has its existing Southern California facility.

- There is no space available right now in Torrance

and I don't expect it's getting better out there.

- [Narrator] So for Puma, that meant looking east,

The company said about 95% of its product

is imported from Asia, so it needed a facility

that was still within driving distance of the ports.

- You have six, eight hours to the time in transit.

You go overnight anyway so I don't think it's a big deal.

- [Narrator] Trucking goods over 350 miles to Phoenix

versus 15 miles to Torrance can carry a cost.

Some company's and developers say however

along the 303 make it more cost effective overall.

- Phoenix for years has been really a hotbed

but I think what's namely different today

is these global brands, these well known consumer brands

It's the growth belt, it's where people are moving to.

- [Narrator] Phoenix has a population of nearly 5 million

and like other Sun Belt cities, it's been growing rapidly

but it still pales in comparison to the 24 million

of these products now are serving the Sun Belt.

So they're brought in, whether it's through the port

and now you can service West Texas, Colorado,

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Why Amazon, UPS and Others Are Filling Warehouses Along This Arizona Highway | WSJ

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