2018 Year in Review: Commercial real estate booms as Valley economy kicks into gear

Westgate Entertainment District/ PROVIDED BY WESTGATE/ MICHAEL BAXTER, BAXTER IMAGING LLC

 

By Corina Vanek | Phoenix Business Journal

The commercial real estate industry saw a year of healthy growth in Phoenix during 2018.

Investor interest from both domestic and foreign sources picked up this year, with large deals happening in all product types throughout the Valley. Despite a shortage of construction labor and increase in materials costs, the Valley saw increased construction activity for Class A projects, which experts predict will continue into the next 12 months.

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