November 21, 2024 1:55 pm
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2021 BEX Private Development Summit talks housing, industrial and costs

(Disclosure: Rose Law Group represents Empire Group and Saint Holdings.) 

By Tasha Anderson | AZBEX

The 2021 BEX Private Development Summit dove into the most relevant topics in the A/E/C and CRE industries last week. The virtual event spanned three mornings from Tuesday, May 11th to Thursday, May 13th, and attendees heard an outlook on future development, panels discussing hot Housing and Industrial markets, and gained insight on the rising construction costs in Arizona.

BEX Outlook on Future Development

BEX President and Founder, Rebekah Morris, kicked off the event on May 11th with an outlook on future private development in Arizona, which includes Hospitality, Healthcare, Office, Retail and Industrial markets.

There was a 31.5 percent year-over-year decline in Hospitality construction activity and 2021 is likely to remain steady at the reduced level in anticipation of 2022 demand, according to Morris. More sport and entertainment projects are being planned and are expected to come back stronger than ever.

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