November 15, 2024 4:32 am
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Phoenix growing in popularity for CRE investors, according to report

A California investor bought the 2020 on Central building for $23.89 million. The Valley continues to be a popular market for CRE investors. / Provided by Colliers International / Phoenix Business Journal

 

By Corina Vanek | Phoenix Business Journal

Phoenix is continuing to become more popular among commercial real estate investors, jumping up in the rankings from last year, according to a survey done by CBRE of cities in the Americas.

Phoenix was ranked ninth among the most attractive cities for property investment in the 2019 Investor Intentions Survey, compared with No. 11 in the same survey last year.

The survey asks developers, investment managers, real estate investment trusts and other investors about appetites for risk, predicted investment activity for the year and key concerns.

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