Wednesday, September 22, 2021 7:28 pm

Phoenix 2020 CRE outlook

 Northrop Grumman opened its new Chandler campus in November 2019. The 633,000-square-foot office and manufacturing facility will provide a home for Northrop Grumman’s launch. / AZBigMedia

AZBigMedia

Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business.

“At this point in the market and cycle, Phoenix, literally, has everything,” said Roland Murphy, director of research at ABI Multifamily. “We’re still highly affordable, have massive success in economic development across a range of job levels/industries, and are consistently modernizing and adapting our quality of life for the better.”

The United States is in what most economic experts feel are the latter stages of a growth cycle that is stretching into its 11th year. Many are signaling a global economic slowdown and are warning that could trigger the start of a recession in the U.S.

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