Phoenix 14th for best metros for investment

By Annalise Lullo | Arizona Builder’s Exchange

Source: CBRE

The prospect of increased U.S. economic growth combined with less regulation, means that investor sentiment for commercial real estate investment is marginally more positive than last year, despite the potential for rising interest rates, according to the CBRE Americas Investor Intentions Survey 2017. Phoenix advanced to the Number 14 spot on this year’s list of survey respondents’ Best Metros for Investment, moving up from the Number 16 spot last year.

The 2017 survey results reveal that investors will remain actively engaged in real estate investment this year, with the majority (67 percent) intending to be net buyers (more acquisitions than dispositions). The percentage of net buyers has increased since 2015 (60 percent) and 2016 (65 percent). The vast majority of these investors (83 percent) intend to maintain or increase their purchasing activity in 2017.

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