AZRE Forum experts offer bold CRE predictions

Mike Garlick

By Michael Gossie | AZRE

A sold-out crowd gathered Thursday at the AZRE Forum to hear experts from all aspects of commercial real estate shed light on the strengths, opportunities, and challenges facing Arizona’s commercial real estate sectors heading into 2020 and beyond.

“The only thing I don’t see going well in the future is Phoenix’s sports teams,” joked Mike Garlick, executive managing director and local market leader for Newmark Knight Frank. “When it comes to the economy, I don’t see a lot of clouds on the horizon and I think that’s going to be the case for many years to come.”

Garlick was a member of the brokerage panel, which included moderator Paul Komadina from CBRE, Laurel Lewis from NAI Horizon, Ryan Sarbinoff from Marcus & Millichap, Charles Steele from JLL, and Will Strong from Cushman & Wakefield.

“What is driving everything is that Phoenix has become a hot employment market,” Garlick said. “I have never seen a time like this with so many bigger requirements from clients. And the good thing is that most of it is not from homebuilding, which always drove the Phoenix market in the past.”


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