AZBigMedia
It’s an exciting time for commercial real estate. With technological advances and a new generation entering the workforce, office space is undergoing a significant paradigm shift. NAIOP Arizona’s roundtable members discuss the state’s reputation and role in the market — its strengths, weaknesses and promising statistics — as well as what companies need to do to keep that trajectory on the up-and-up.
Megan Creecy-Herman: What is different in July 2014 in our local commercial real estate industry than a year ago?
Tom Johnston: Although the economy is growing slowly, it just feels better. Vacancy rates are dropping and rates are increasing in all product categories. Job growth is improving year over year, and it is great to see office and industrial projects under construction again.
