Figuring out next generation of Phoenix real estate

figuring out the futureBy Samantha Pouls | AzBigMedia

With the real estate market taking a positive turn in investments, buyers and sellers are beginning to think about creating long-term office locations. While the future of the dynamic market is undetermined, tenants know they want to create work-play environments rather than a block of concrete buildings.

“Capital is definitely flowing into Phoenix,” says Jami E. Vallelonga, general manager for The Esplanade. “The investment market was very active in 2015 across all commercial property types — from retail to industrial — and 2016 looks like it will continue this trend.”

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