Tempe submarket remains highly desirable for new development, residents

By Corina Vanek | Phoenix Business Journal

Even in the wake of the novel coronavirus pandemic, Tempe has been the recipient of some of the Valley’s largest leases and job announcements, further cementing the East Valley city as the metro’s hottest office market, as it takes shape in concert with the growing Arizona State University campus.

“Just being around the [ASU campus] has a vibe that you’re not going to find anywhere else in the Valley, absent possibly the Grand Canyon campus,” said Derek Flottum, vice president of development for Irgens in Arizona and one of four panelists in a virtual real estate event hosted Aug. 11 by the Phoenix Business Journal. “It really creates an energy around the entire submarket.”

Read the full subcription story by the Phoenix Business Journal.

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September 4, 2020

development, Tempe

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