Loading...
You are here:  Home  >  Economy  >  Current Article

Rush to place capital ahead of election expected

Posted by   /  February 24, 2020  /  No Comments

    Print       Email

By Monica Tapia |AZBEX

According to a new report, commercial real estate investors, brokers and lenders are expecting a potential surge of activity in Phoenix and other U.S. markets in the first half of 2020, ahead of the U.S. election. Participants in the 2020 RCM LightBox Investor Sentiment Report noted the strong market fundamentals, available investor capital, the potential for a slowing economy, and the impending presidential election as contributing factors in boosting investment levels before the election.

After being particularly hard hit during the Great Recession, Phoenix has emerged as an economic leader, especially within the multifamily and industrial sectors. “Phoenix may be the hottest multifamily market in the country,” says Brian McAuliffepresident, CBRE | Capital Markets. “It is the market that on various levels is outperforming almost any other across the country. Investment and development activity is strong there; rent growth is occurring at a rate of approximately eight percent annually.”

According to CBRE’s Q4 2019 report, Phoenix had the highest year-over-year rent growth (8.0 percent) among major markets, followed by Tucson (6.1 percent), Colorado Springs (5.8 percent) and Las Vegas (5.8 percent).

READ ON:

    Print       Email

Leave a Reply

You might also like...

Rebooting Main Street, the retention and liquidity game and other ways for Arizona (and Pinal County) to survive COVID-19

Read More →