Here is AZRE’s 2018 commercial real estate outlook

ONE HUNDRED MILL: The $190 million mixed-use creative office, retail and lifestyle-hotel development, located on the 2.51 acre parcel on the corner of Mill Avenue and Rio Salado Parkway in Tempe, will consist of two towers: a 15-story 260,000 SF Class A office building and a 15-story, 240-key boutique hotel along with 17,300 SF of retail space.

By David McGlothlin

An attractive market for real estate investment and development can start and end with the economy.

Hence, the woes felt during the Great Recession when the economy was down, unemployment was up and real estate activity was dramatically affected, but fast-forward to now. The stock market recently hit an all-time high, spending is up, unemployment is down and some experts are hopeful President Donald Trump’s proposed tax plan will give the economy another boost.

While many in the real estate industry remain cautiously optimistic about 2018, others are starting to think this expansion cycle is getting long in the tooth and starting to show signs for slowing.


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