By Your Valley
The Phoenix-Mesa-Scottsdale area has been named among the 2021 Top 10 commercial real estate markets in the country by the National Association of Realtors.
“The top commercial real estate markets that are expected to outperform the rest of the nation are generally affordable and able to draw new residents with a greater flexibility to work from home,” said NAR’s Chief Economist Lawrence Yun. “These growing markets also offer much lower office and retail rents and are, therefore, able to attract new and expanding businesses.”
Arizona is the only state with two markets on the Top 10 list: Tucson and Phoenix-Mesa-Scottsdale. The other markets, in alphabetical order, are:
- Austin-Round Rock, Texas
- Cape Coral-Fort Myers, Florida
- Charleston-North Charleston, South Carolina
- Las Vegas- Henderson-Paradise, Nevada
- Nashville-Davidson-Murfreesboro-Franklin, Tennessee
- Phoenix-Mesa-Scottsdale, Arizona
- Raleigh, North Carolina
- Salt Lake City, Utah
- Seattle-Tacoma-Bellevue, Washington
- Tucson, Arizona
