By Corina Vanek | Phoenix Business Journal
2020 was a momentous year and one that had a dramatic impact on commercial real estate. Office and retail leases stalled, building sales halted and hotel projects were largely put on hold during the height of the Covid-19 pandemic.
But that isn’t evident with the massive amount of large developments — from a factory to apartment and office towers to entertainment destinations — teed up to start in 2021. It’s a clear sign that developers are optimistic about 2021 and the years to come.
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