The Republic | azcentral.com
As more new companies come to Arizona, there is a trickle-down effect of positive impacts on all aspects of commercial real estate in Arizona and the economy in general.
Richard Hubbard, the CEO of Valley Partnership, a commercial real estate association, talks about the real estate market and lessons learned from the Great Recession.
How is the commercial real-estate market doing?
The commercial market is improving. In each sector — industrial, office and retail — space is being occupied by new and expanding businesses. The market is not where we need to be, but there is progress in reducing vacancies, increasing rents and rising property values.
