Distribution centers impact on local property values?

[Robert Senefeld]

Does anyone have any insight on what large construction of distribution centers (Amazon like hubs) can have on local residential real estate? I live in the Lacey, WA in a largely quiet and upscale residential area but we are seeing DCs spring up within miles of the neighborhoods. Plenty of new neighborhoods are also in the works around us and the area is still dominated by upscale suburbs but the industrial growth is something that I don’t know should be concerning or could just mean more demand for homes in the area. Any insight would be appreciated!