Are We Emerging From the Real Estate Recession in Phoenix? Part 3

Class A Office Market Strengthens While Class B Space Continues to Struggle in Third Quarter of 2011 Metro Phoenix Class A Office absorption experienced its tenth consecutive quarter of growth.  A total of 476,225 square feet of positive absorption Valleywide occurred in the third quarter of 2011 and year to date cumulated absorption was 1,340,078.  …

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Case Study: Commercial Real Estate Recession in Metro Phoenix Increases Vacancy Rates & Lowers Rental Rates

Current commercial real estate recession will be remembered for Lenders, landlords and tenants working together. In May 2006 I appraised a modern, multi-tenant, office building in the metro Phoenix area.  Like many good quality office buildings at that time it was nearly fully occupied, and enjoyed a healthy tenant demand.  To ensure that the rent was …

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