Medical Office Market in PHX Thrives
Source: Colliers International As cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area’s second quarter of real estate market activity was also surging. The medical office market posted its strongest quarter of net absorption in nearly two years and vacancy in this product type dropped 50 basis points. During second quarter […]
2019 Medical Job Increase Fuels Market
Source: Colliers International in Arizona The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of medical office space reached nearly 100KSF during […]
80KSF Medical Office Planned at Mercy Gilbert
By Roland Murphy for Arizona Builder’s Exchange Gilbert’s Planning Commission held a study session earlier this month to examine a proposal by Pacific Medical Buildings to develop an 80KSF medical office building on the Mercy Gilbert Medical Center Campus. If the project goes through, Phoenix Children’s Hospital will be the primary tenant with 30KSF of […]
Nearly 400KSF Mixed-Use Proposed in Tucson
By Roland Murphy for Arizona Builder’s Exchange A nearly 60-year-old, 152-unit apartment complex near the gateway to the University of Arizona main campus in Tucson would make way for a residential/hospitality/retail mixed-use development under a proposal currently before the city Zoning Examiner. Property International submitted the request on behalf of property owners Shenkarow Realty Advisors […]
Investment Report Shows Q2 Improvement
Source: Colliers International in Greater Phoenix Colliers International in Greater Phoenix has released its Investment Report for Q2, and things are generally looking up. Investment Overview After a slow start to 2017, many of the trends that emerged during the first quarter reversed course during the second quarter. More properties sold, prices trended higher and […]