By Rae Anne Marsh | InBusiness Phx
Interest in Metro Phoenix’s commercial real estate industry spans not only all its segments but naturally draws in most of the rest of the business community as companies need space for their operations. Perspective on the state of the market and its future varies by the angle from which involvement stems, and In Business Magazine explores those viewpoints of investors, whose capital infusions power the industry, developers, who create the products, and lessees, whose needs inform the direction of the industry.
Phoenix CRE from an Investor’s Perspective
“There is no doubt that industrial and multifamily — including single-family for rent product — are driving the activity in the market right now both from a tenant demand standpoint and a capital investment standpoint,” says Steven Schwarz, founding partner of ViaWest Group, a Phoenix-based, full-service commercial real estate investment, development and property management firm.