“You can’t negotiate fact”
Anonymous
Jul 28, 2016, 10:46am MST Eric Jay Toll Reporter Phoenix Business Journal
Arizona’s gross domestic product growth smashed expectations in the first quarter 2016 with a 2.6 percent growth rate over the previous period, according to new data from the Bureau of Economic Analysis.
That pace placed the state at the top of the Southwest region, which as a whole had a 0.5 percent growth rate. Nationally the state tied for fifth with Michigan in GDP growth.
Washington, Oregon and Arkansas were tops with growth rates of 3.9 percent. Colorado was fourth with a 3 percent growth rate.
Energy states saw GDP pulverized. North Dakota’s GDP dropped 11.4 percent, Wyoming was down 4.9 percent, West Virginia 2.5 percent and Louisiana dropped 0.9 percent. Texas, despite significant growth in the Austin technology sector and Dallas’ financial services sector, only saw a 0.3 percent GDP growth for the quarter.
Colorado, which has been hard hit in the energy sector, has had such significant growth in technology, information and financial services that it still posted a 3 percent GDP gain in the first quarter.
Arizona’s GDP is projected to hit around 2 percent for 2016, but it ended the fourth quarter 2015 with a 2.3 percent growth factor over the previous quarter, so the first quarter showing puts the state significantly ahead of the overall 1.8 percent growth rate for 2015.
Eric covers economic development, banking and finance, infrastructure, transportation and utilities.
FROM ME:
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Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
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AZREIA Market Update | March 2016
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
http://walter-unger.com/why-phoenix-2/
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Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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http://en.wikipedia.org/wiki/Phoenix,_Arizona
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
Direct: 520-975-5207
Fax: 602-865-7461
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