You are here:  Home  >  Real Estate  >  Current Article

Cousins Properties’ CEO lauds Tempe as comparable to Austin

Posted by   /  August 7, 2017  /  No Comments

    Print       Email

Cousins Properties CEO Larry Gellerstedt, speaking recently during the Atlanta-based company’s Q2 earnings call, compared Tempe as a real estate market to Austin — that is, a booming city rising on the strength of strong fundamentals.

“Tempe has emerged as a bright spot in [our] new portfolio from the start,” Gellerstedt said. “New-to-the-market inquiries and expansion demands from existing customers validates the strength of this urban submarket. Tempe’s characteristics mirror what we have experienced in Austin.

“Companies are drawn to the low-cost, business-friendly environment, near a young, affordable and highly educated workforce. Austin’s workforce draws from the University of Texas, and Tempe draws from Arizona State University, the largest university in the country, with over 80,000 students.”


    Print       Email

Leave a Reply

Your email address will not be published. Required fields are marked *

You might also like...

News from Neighboring States for May 19, 2018: Too many bad-actor contractors and subcontractors now do not employ many of their workers directly but use “labor brokers.”

Read More →