Phoenix area will be among the fastest growing metro regions next year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“I have a higher and grander standard of principle than George Washington. He could not lie; I can, but I won’t.”
-Mark Twain

 

By Ronald J. HansenThe Republic | azcentral.comMon Nov 18, 2013 6:54 AM

A new national report predicts the Phoenix area will be among the fastest-growing metro regions of the country next year, posting figures well ahead of the more-plodding gains forecast by Arizona’s economists. The report, released Monday for the U.S. Conference of Mayors, suggests the housing industry will again lead the Phoenix area’s relatively rapid growth in 2014. It predicts 3.3 percent growth next year for the Phoenix area in terms of gross metropolitan product, a measure of all the goods and services produced in an area.
It also projects 2.8percent employment growth over the next year. By comparison, earlier this month, the Arizona Office of Employment and Population Statistics was calling for 2.6 percent employment growth in the Phoenix area. Nationally, the report predicts 1.7 percent economic growth this year and 1.6 percent among metro areas. Next year, it predicts 2.5 percent for national and metro growth. Mesa Mayor Scott Smith, who is the president of the Conference of Mayors, acknowledged the report “may be more bullish on metro areas.” But the Phoenix area “economy is more diverse than people give us credit for,” he said.
Jim Diffley, senior director of U.S. regional economics for IHS Global Insight, said the area’s new growth remains at levels well below those seen during the frenzy of the housing bubble. “There’s a lot of pent-up demand out there,” Diffley said. The Phoenix area’s gross metropolitan product this year is about $210 billion and should pass metro Detroit as the 14th largest in the country, according to Diffley’s analysis. In an effort to underscore the value of metro areas, the report also compares the largest to states and nations.
The Phoenix area economy is larger than Oregon and 25 other states. It is also bigger than the nation of Peru, the report found. The Tucson area ranks 69th in the nation. The Phoenix metro area accounts for 76 percent of Arizona gross state product. Tucson represents 13 percent of the state’s economy. The Phoenix economy compares to Boston and Chicago for relative value to their respective state economies.

 

a little about me and my expertise – video

                    

LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

 

3

Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

 

4.

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 Investment Properties in Phoenix.

 

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

 

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 in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 

 

Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).

 

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Thank You

Walter

 

Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188

walterunger@ccim.net

 

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