CBRE has released its 2019 Phoenix Market Outlook report, which highlights the performance of the Phoenix commercial real estate market during 2018 and predicts how key trends will impact the major commercial real estate sectors in the year ahead.
“The Phoenix market continues to perform well overall,” said Paul Komadina, Senior Managing Director for CBRE’s Phoenix office and Arizona Market Leader. “Although supply and demand scenarios vary across property types, there is great opportunity remaining. Last year was filled with excitement, and with economic expansion, population growth, and tempered development of new product across all property types. We expect these factors and increased interest from investors seeking higher yields in dynamic secondary markets like Phoenix to play out throughout the year.”
Some of the key findings highlighted in the report include: