AZBigMedia
While experts express conflicting predictions regarding the national commercial real estate landscape moving into 2019, what can we expect on our own turf? While the opportunity for growth continues to be favorable for the Valley in many aspects, the local 2019 commercial real estate outlook may be met without a few challenges. Who better to explain the delicate balance of Arizona’s impending commercial real estate trends, than the CFMA Valley of the Sun Chapter, Construction Executive of the Year, Casey Cartier, president and CEO of Jokake Construction.
Jokake’s industry reach extends over much of the Southwest, California and Colorado, covering healthcare, education, the public sector, retail and industrial markets. In his six years as president and CEO, Cartier has been witness to the push and pull that has exemplified the local commercial real estate market over the past few years. While new builds and renovations flourish in certain areas of the Valley, the steep inflation in construction cost and a shortage of labor are proving to be formidable obstacles.
