Here are the commercial real estate trends that favor Arizona.

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and  need an estimated value.   Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me
walterunger@ccim.net.   –     What is a CCIM.  – 

In Business and in Life you don’t get what you deserve, you get what you Negotiate.

LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office- Multifamily

contact me if you want the me to get you the value of your property.

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AZBIGMEDIA  REAL ESTATE | 4/29/2021| COMMERCIAL PROPERTY EXECUTIVE

A STUDY ON THE IMPACTS OF THE PANDEMIC ON REAL ESTATE INVESTMENT SHOWS SEVERAL COMMERCIAL REAL ESTATE TRENDS THAT POSITIVELY IMPACT ARIZONA

More than a year into the pandemic, with vaccines rolling out and the U.S. economy aided by the injection of $1.9 trillion, outlooks show signs of overall stabilization, albeit at a slow pace. Nuveen Real Estate, a TIAA company, has released its second issue of RealAccess, a study on the impacts of the health crisis on real estate investment, in which it explores several commercial real estate trends profoundly impacting the built environment.

“Megatrends related to demographics, technology and sustainability will continue to drive demand as generations age and relocate, and as growth continues in sectors like e-commerce and health care,” Nuveen Real Estate Global Chief Investment Officer Carly Tripp told Commercial Property Executive.

ACCELERATED MIGRATION TO SUN BELT CITIES

While the trend is not new, COVID-19 has clearly accelerated it. High-density cities are losing ground in the face of those with more space availability, and the top preferred destinations are Arizona, Texas and Florida.

Similarly, suburban areas are more appealing to the aging Millennial generation, which is now having children and looking for residential options that include more bedrooms, privacy and a yard. Moreover, the report’s authors project that the growth of this demographic will be more than twice the rate of the general U.S. population over the next decade.

Population growth in 25 largest metro areas. Chart courtesy of Nuveen Real Estate RealAccess

Meanwhile, the Baby Boomer generation is also aging, which will likely fuel demand for senior housing—more than 65 percent of the current stock is 17 years or older, adding to the opportunity for development.

These migration patterns extend beyond housing as the substantial population growth in particular cities and puts pressure on demand for industrial fulfillment centers, health-care offices, grocery-anchored retail and others.

Unsurprisingly, major employers are relocating their headquarters from higher-priced cities to these areas, with Oracle, Hewlett Packard and CBRE among them. Additionally, with more people and businesses growing roots across Sun Belt metros, the softer factors in these cities will also gain importance, and well-being, culture and leisure will play an essential role in real estate demand.

HEALTH-CARE REAL ESTATE RESPONDS TO HEALTH-CARE SYSTEM TRANSFORMATION

Another aspect the report touches on is the growth of health care. Even before the pandemic, the sector was already the fastest growing in the U.S. economy and accounted for almost one-fifth of GDP, according to OECD Health Statistics 2019.

The global health crisis has not just amplified its performance but also placed into the spotlight some subsectors, such as medical offices and life sciences centers. While the latter are essential for drug development, medical offices will remain in high demand as, the authors believe, more care will be delivered outside of hospitals, and these facilities provide cost-effective settings.


READ ALSOPhoenix industrial market continues surge in Q1


With slower economic growth expected after the pandemic, the focus is expected to shift to real estate property types that can generate superior growth, despite a weaker economic environment.

“According to NCREIF, alternatives currently make up 12 percent of the average real estate portfolio. In 2030, we expect it to hit 50 percent as the definition of real estate changes and megatrends continue to create opportunities for investors,” Tripp told CPE. This change also translates into increased demand for alternative housing, such as single-family properties and manufactured housing.

Two sectors are emerging: alternative housing options for aging Millennials and Baby Boomers, and data centers, cell towers and their associated real estate components that support the sustained growth of internet traffic, mobile-to-mobile connections, and next-generation technology such as artificial intelligence and the Internet of Things.

THE RISE OF THE INDUSTRIAL SECTOR AND DIGITALIZATION

Coronavirus lockdowns have pushed technology advancements. “Real estate plays an integral role in the continued digitalization of the world economy. How we continue to utilize and depend on the built world is evolving and technology has enabled investors to look beyond the traditional commercial and housing sectors, and expand the definition of what real estate investing is today,” explained Tripp.

E-commerce sales saw remarkable performance, with consumers ordering goods and services online. “E-commerce’s penetration rate grew from 11.2 percent in the third quarter of 2019 to 14.3 percent year-over-year in 2020 as a result of the pandemic, and we expect it to increase another 5 to 10 percent by 2025. This could lead to heightened demand for warehouse space from a larger variety of tenants,” according to Tripp.

Supply management strategies shifted from “just-in-time” to “just-in-case” practices following unforeseen increases in customer demand, which last year, led to supply chain failures. Consequently, the new supply management tactics require larger inventories, and thus more warehouse space, which is anticipated to further elevate demand for industrial real estate space going forward.

Similarly, to manage risk and be prepared for the changes in global economics, major corporations have been diversifying their supply chains. Specifically, India, Malaysia, Pakistan and Vietnam became more attractive than China, thanks to their affordable labor costs and large workforce pools.


READ ALSOCities Weathering the COVID-19 Storm


Extrapolating, this transition will likely increase demand on the East Coast relative to West Coast ports. More so, to reduce supply chain risks, companies are beginning to relocate mission-critical supply chain activities to geographic regions closer to the end consumer. As such, some corporations will choose to place these activities in the U.S., Mexico and Canada.

Raleigh, N.C., Austin, Texas, and Nashville, Tenn., are among the markets expected to display the greatest surge in warehouses, relative to their population. With strong migration to these cities, especially among higher-income workers, e-commerce is anticipated to expand in a disproportionate manner.

The report also found that single-family home permit performance marked an exceptional increase at the end of 2020, up to 14.4 percent from -0.6 percent at the close of 2019. Typically, single-family home demand has been a primary driver of light industrial and warehouse demand, as construction companies and vendors need space to store building materials and equipment. Nuveen also expects demand from home construction and related activities to support warehouse growth as a complementary demand driver to e-commerce.

Read the full report here.

SEE IT ALL WITH GRAPHS:  https://azbigmedia.com/real-estate/here-are-the-commercial-real-estate-trends-that-favor-arizona/

FROM ME:  Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. 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  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 your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

In Business and in Life you don’t get what you deserve, you get what you Negotiate.

LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office – Multifamily

contact me if you want the me to get you the value of your property.

CCIM DEAL MAKERS    FALL 2020   THE BIGGEST DEAL   WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT AND SPA IN GOLD CANYON, ARIZ., TO GOLD CANYON MJ LLC.

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

CCIM DEAL MAKERS    FALL 2020   THE BIGGEST DEAL  / WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT TO GOLD CANYON MJ LLC.

Click here to find out what is a   CCIM:

 CLICK HERE TO VIEW ALL MY LISTINGS. 

PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

What is a CCIM.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

History of Arizona from  900 BC – 2017 -Timeline.

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

History of Arizona from  900 BC – 2017 -Timeline.

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

CLICK HERE TO VIEW MY WEBSITE

  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

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.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

Prefer cell: 520-975-5207,   or email me walterunger@ccim.net.       CLICK HERE TO VIEW ALL MY LISTINGS.    

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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

www.Walter-Unger.com

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

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