November 25, 2024 12:55 am
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Real estate expert: Regions like Phoenix should stop promoting themselves as low-cost to attract business

Marina Heights has boosted the interest in Tempe as an office market.

By Mike Sunnucks | Phoenix Business Journal

Spencer Levy — head of research for commercial real estate firm CBRE Inc. (NYSE: CBG) — has advice for cities and states trying to recruit jobs and businesses.

“Please, please don’t lead with costs,” said Levy, who was in Phoenix last week talking to brokers and clients at CBRE’s modern new offices at the Esplanade development.

Low costs have long been a calling card for Phoenix as it competes with the more expensive markets such as California and the Pacific Northwest for jobs and business investment.

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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.