November 14, 2024 7:07 pm
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Costs up, vacancies incorrect, market strong

Rockefeller Group’s Mark Singerman addressing the AAED August Luncheon. Courtesy of Arizona Association for Economic Development/AZBEX

By Roland Murphy | AZBEX

Around 120 people packed a ballroom at the Phoenix Country Club this week to catch up on commercial real estate trends at the Arizona Association for Economic Development’s August luncheon.

Featured speaker Mark Singerman, VP and Regional Director for Rockefeller Group, took the lectern to share his insights on the area’s Office, Multifamily and Industrial CRE markets.

Construction Costs a Rising Burden

One factor that loomed over the various sectors – particularly multifamily – and served as Singerman’s greatest cautionary note was the extent to which construction costs have skyrocketed.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.