Despite Headwinds, Phoenix Development Prospects Still Strong
April 26, 2017

Despite Headwinds, Phoenix Development Prospects Still Strong

Land costs are going up, construction labor is a little short and lenders are fretting about overbuilding. Will all that dampen commercial property development in a hot market like Phoenix? Probably not for a while.

Simon CRE president Joshua Simon said he is optimistic about the prospects for Phoenix commercial development moving forward. "Our biggest concern for our infill development is the increase in land prices. They've gotten too high, but we feel like that…

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