Costs up, vacancies incorrect, market strong

By Roland Murphy | AZBEX

Around 120 people packed a ballroom at the Phoenix Country Club this week to catch up on commercial real estate trends at the Arizona Association for Economic Development’s August luncheon.

Featured speaker Mark Singerman, VP and Regional Director for Rockefeller Group, took the lectern to share his insights on the area’s Office, Multifamily and Industrial CRE markets.

Construction Costs a Rising Burden

One factor that loomed over the various sectors – particularly multifamily – and served as Singerman’s greatest cautionary note was the extent to which construction costs have skyrocketed.

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August 14, 2017

Arizona Association for Economic Development, Industrial CRE, multifamily, Phoenix Country Club

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