Greater Phoenix Office Market Looking Positive for 2016

Vacancy Rates Trended Lower for Fifth Consecutive Year in 2015 The chart below presents statistical data in the fourth quarter of 2015 for Class A, Class B and Class C office space in Metro Phoenix related to total inventory, vacancy, vacancy rates, net absorption, and average rental rates. Note that the Class A category had …

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Curious About the Real Estate Appraisal Process?

The most common type of real estate appraisal assignment is the formulation of an opinion of market value.  The following information describes each step of the appraisal process. Identification of the Assignment Parameters The appraiser will identify the client, intended users and use as well as the purpose. A crucial element to any appraisal is …

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Choosing A Phoenix Area Real Estate Appraiser

A real estate appraisal is an opinion of market value formed by a professional appraiser. The process involves specific market area research, analysis of significant information relevant to the property, specialized expertise and impartial judgment regarding the value of the property. To begin your search, ask for referrals from an accountant, attorney, real estate agent …

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Need a Credentialed Phoenix Real Estate Appraiser?

In the current unpredictable and volatile real estate market, the expertise of a well-credentialed real estate appraiser who is knowledgeable about the property type and market area is particularly valuable when making sound decisions regarding real property. Arizona requires that all real estate appraisals are to be performed by state licensed or state certified appraisers.  …

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Metro Phoenix Office Market Update

Second Quarter 2012 Thought-Provoking Facts!! Lease rates decline for ninth consecutive quarter Absorption increased for fifth consecutive quarter Class A vacancy rates decline Distressed sales combined with sales of smaller office building has dropped average prices 37.7% from the first quarter to $111.03 per square foot Only one speculative office building is under construction Vacancy …

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Metro Phoenix Industrial Market Update

Second Quarter 2012 Positive News!!! Vacancy rates decrease for the ninth consecutive quarter Vacancy rates are lowest since the third quarter of 2008 Build -to-suits represent 70.5% of all current construction Speculative construction is underway for the first time since the third quarter of 2008 Vacancy Rates • Industrial vacancy rates decrease from 13.9% (2011) to …

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Is Phoenix Emerging From the Real Estate Recession?

  Phoenix Retail Vacancy and Lease Rates Stabilize in Third Quarter of 2011 The retail market experienced positive absorption in the third quarter with 98,775 square feet after two consecutive quarters of negative absorption. Retail centers currently under construction in metropolitan Phoenix total 218,000 square feet. At the end of the third quarter the metropolitan …

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Greater Phoenix Economic Forecast 2011: Painfully Slow Part II

Light at the End of the Tunnel for Single Family Residences & Condo The collapse of the housing bubble, which peaked in the U.S. in 2006, caused the values of securities tied to real estate pricing to plummet thereafter, damaging financial institutions globally. Questions regarding bank solvency, declines in credit availability, and damaged investor confidence …

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Greater Phoenix Economic Forecast 2011: Painfully Slow Part 1

“….the Valley and state can’t expect the robust recovery that has accompanied past recessions.” Elliott Pollack, Greater Phoenix Economic Forecast 2011 I have been a commercial real estate appraiser and investor for over 30 years and have lived through many depressed real estate cycles.  Historically each bust cycle in Greater Phoenix was followed by a …

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