Report: Phoenix CRE market shows strong activity across all sectors

Above: A view of Midtown Phoenix looking south towards Downtown Phoenix. Photo by Mike Mertes / AZBigMedia

 

AZBigMedia

CBRE has released its Q3 MarketView reports, which analyze the third quarter performance of metro Phoenix’s office, retail and industrial commercial real estate sectors. Overall, the market exhibited strong activity across all property sectors.

“Metro Phoenix remains one of the fastest growing regions in the nation,” said Jessica Morin, Senior Research Analyst for CBRE’s Phoenix office. “Robust employment and population growth, combined with high levels of business confidence, underpin the positive performance of all commercial real estate sectors so far this year.”

According to CBRE Research, the top-level highlights include:

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