Monthly Archives: July 2014

Phoenix Mid-Year Industrial Market Report

Industrial_DownloadBanner

“The Phoenix commercial real estate market is continuing to recover quarter over quarter albeit slowly but surely. This increase in activity is touching every product sector; Office, Retail, Industrial and Investment. While vacancy rates continue to decline, some pricing has increased, and absorption has been positive, with submarkets in the valley in all products showing increased activity. The Phoenix market seems to be more confident than the actual economy might dictate, but Phoenix is drawing positive attention nationally in many areas and consumer confidence is following. Most agree that 2014 is a good foundation for 2015, which will be the year when RECOVERY will be spelled with capital letters.”

-Thad Seligman | President/CEO | NAI Horizon

See more by downloading the full report.

 

Phoenix Mid-Year Office Market Report

Office_DownloadBanner

“The Phoenix commercial real estate market is continuing to recover quarter over quarter albeit slowly but surely. This increase in activity is touching every product sector; Office, Retail, Industrial and Investment. While vacancy rates continue to decline, some pricing has increased, and absorption has been positive, with submarkets in the valley in all products showing increased activity. The Phoenix market seems to be more confident than the actual economy might dictate, but Phoenix is drawing positive attention nationally in many areas and consumer confidence is following. Most agree that 2014 is a good foundation for 2015, which will be the year when RECOVERY will be spelled with capital letters.”

-Thad Seligman | President/CEO | NAI Horizon

See more by downloading the full report.

 

Park, Ryan look to develop 36 acres in Gilbert

The Park Corp. has reached a deal with Ryan Cos. to develop 36 acres of commercial property at the southeast corer of Val Vista Drive and Pecos Road in Gilbert.

Gilbert Growth Properties LLC — an arm of Cleveland-based Park — owns the land and has picked Ryan to develop the property into office and medical buildings near Loop 202 in the East Valley.

The build-to-suit development is called Val Vista Square.

Ryan has a number of notable Valley developments, including ASU Research Park and Marina Heights in Tempe.

NAI Horizon’s Lane Neville, Barbara Lloydand Holly Brock will market the property for Park and Ryan.

–  | Senior Reporter | Phoenix Business Journal

Original Article