Phoenix

Job growth has been a major driver of expansion in Phoenix, but the job diversity gained in recent years will help keep the market on track.

Optima Kierland has transitioned to all-digital showings in response to the pandemic, and has completed two sales.

Long-term residential housing investors are seeing opportunity with the possibility of pricing adjustments.

Apartments, industrial, retail and hotels all saw cap rate compression in the second half of last year.

Jobs have driven strong medical office activity in Phoenix, but new supply will likely drive vacancy up this year.

The city is ranked fourth in the nation for the top tech office leases with a total of 1.3 million square feet in transactions.

Tratt Properties is building a 1.3 million-square-foot class-A industrial facility in an opportunity zone.

The billionaire purchased 24,000 acres outside of Buckeye in Arizona and an additional 2,800 acres in Buckeye.