Phoenix ranks as sixth best U.S. real estate market
Houston-based commercial real estate firm Situs RERC ranked 48 U.S. metro areas on the attractiveness of their commercial real estate markets for future investments.
Phoenix came in sixth behind only Austin, San Antonio, Raleigh, Dallas and Orlando.
Brian Velky, managing director of fiduciary and valuation services for Situs, said Phoenix has better price values than more expensive “primary” U.S. markets such as Los Angeles, New York, San Francisco and Boston. Velky also said Phoenix has good growth projects for population and job gains.
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