Why Arizona, Utah are among top Southwest real estate markets

By Corina Vanek | Phoenix Business Journal

Courtesy of Colliers International

Arizona and Utah have been some of the strongest performers across asset classes for commercial real estate activity, benefitting from a lower cost of living than neighboring California and a high quality of life, David Josker, president of brokerage for the Southwest region of Colliers International said. The Phoenix Business Journal caught up with Josker to hear his experience on the West Coast real estate market, which includes Arizona, Utah, Nevada, southern California and Hawaii. This interview has been edited for length and clarity.

How has real estate in the Southwest region been faring with the pandemic? The last seven or eight months have been unprecedented for everyone, and every state has taken a different approach for guidelines. The velocity and performance of each of the states has reflected that. Southern California enjoys the strongest industrial market in the country, and for industrial, e-commerce, manufacturing, it became clear that they were much more important than maybe previously thought. In the Southwest, Utah and Arizona have probably been the strongest performers across all asset types.

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