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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. 
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