Phoenix Commercial Real Estate picking back up.

Ronald Hanson of the Arizona Republic is reporting that commercial real estate is picking up.  Phoenix Commercial Real Estate often follows residential real estate in the Metro Phoenix market.  As Downtown Phoenix residential sales started to slow down, the commercial market did the same. 

How that Metro Phoenix has been picking back up, the commercial market is following suit. 

Most of the residential building in Central Phoenix, Downtown Tempe, Downtown Scottsdale and the Biltmore Area have been rental or assisting living.  The residential market needs to get a bit stronger before Condos and Town homes start building again.  However, Phoenix Historic Homes are stilling coming on the market and at reasonable prices.

AZ Central whole story