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When a business magazine reported that warehouses have a higher market value than office buildings, we reacted with disbelief. There is more labor and costly material in a finished office than in most warehouses, so surely the cost of developing this real estate is more expensive.
Therefore, we must assume that the situation is caused by supply and demand. In many communities, there is a glut of office space, but nearly everywhere there is a shortage of warehousing.
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