By Russ Wiles | The Arizona Republic
Commercial properties in the Phoenix area, especially the East Valley, are among the most undervalued in the nation and thus relatively attractive to investors, especially if interest rates start pushing higher next year.
That’s the assessment from Mascia Development LLC, a New York company that evaluated 350 metro areas around the nation for investment appeal, assuming rising interest rates in the next year lead to property-price declines.
The report identifies the East Valley, specifically the Chandler-Mesa area, as among the best markets for apartments, office buildings, warehouses, stores and many other types of commercial properties.
