Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
April 2024
S M T W T F S
« Oct    
 123456
78910111213
14151617181920
21222324252627
282930  
07/21/07
High-rise boom straining supply of cranes
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 6:41 pm

The pace of the Valley’s growth is sky high, and so is the cost of getting there. Cranes, the ubiquitous symbol of progress, are in such high demand that to rent one locally can cost up to $65,000 per day. Those who want to rent may have to cross state lines, and those in the market to buy can expect to wait as long as 18 months. Even the people who operate them are a hot commodity.
That affects the Valley, where cranes are clustered in downtown Phoenix and Tempe and sitting in Scottsdale and Glendale and elsewhere. 
More…

Leave a Reply