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Phoenix continues to attract investor attention. According to a survey from CBRE, Phoenix ranks in the top-10 target investment markets for 2019, coming in at number 9 on the list. The city jumped two spots from a previous survey by CBRE. The survey analyzes all asset classes, and showed investor interest in all four of the major food groups: retail, multifamily, industrial and office. It is no surprise that Phoenix’s growing economy is fueling the investor attention.

“Simply put, it’s all about the economic fundamentals. Strong employment and population growth, economic diversity and relatively tempered development of new product across all property types have contributed to significant investor interest in Phoenix,” Paul Komadina, senior managing director and Arizona market leader for CBRE, tells GlobeSt.com. “Over the last decade, the Phoenix market has transformed, shifting its perception away from ‘boom and bust’ to a market with sustainable growth. Phoenix is a dynamic and fast growing market and our supply and demand story is much healthier than ever before. This story positions Phoenix well to capture investors looking to secondary markets with strong fundamentals and higher yields.”

While there is investor interest in all asset classes, multifamily and industrial are the tied favorites. 38% of investors named industrial as the top investment in the market, while 37% named multifamily. “Residential development has mirrored or trended below household formation since 2010, resulting in pent-up demand for multifamily housing and supporting rent growth,” Komadina says. “Going back to the basics, Phoenix has so much to offer, from an excellent quality of life, modern infrastructure and transportation, sports, and abundance of outdoor activities and an incredibly welcoming environment for businesses to flourish.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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