Phoenix second-hottest market for real estate in 2024

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.  

ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, PLEASE CALL ME?

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.

click here to view all my listings.   

LOOKING FOR SELLERS AND BUYERS.  YOU MISS 100 PERCENT OF THE SHOTS YOU NEVER TAKE, AND IF YOU THINK IT IS EXPENSIVE TO HIRE A PROFESSIONAL TO DO THE JOB, WAIT UNTIL YOU HIRE AN AMATEUR.

Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

By Audrey Jensen – Reporter, Phoenix Business Journal Nov 1, 2023

Phoenix is once again one of the hottest real estate markets in the U.S. as the region continues to attract new residents by the masses, according to a new Urban Land Institute study released this week.

This year, Phoenix was ranked the second top market to watch for overall real estate prospects in 2024 — behind Nashville and just above Dallas-Forth Worth in the Emerging Trends in Real Estate Report for 2024.

Phil Briedenbach, a senior executive vice president with Colliers International in Phoenix, said the fundamentals of Phoenix — including the climate and a pro-business and growth attitude from the state — has kept Phoenix a high-growth city.

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The investments in Phoenix by companies such as Intel Corp., LG Energy Solution, Taiwan Semiconductor Manufacturing Co. and others also “sends a message to the world that there’s opportunity here,” he said.

“We’ve still got people moving here, and those people need a place to stay and live and shop,” Briedenbach said. “So that continues to drive growth. Regardless of what the economy and stock market are doing, those companies keep coming.”

Although the industrial sector has slowed down from the breakneck speed it experienced during the Covid-19 pandemic, experts say it’s still seeing healthy activity in the Valley. Phoenix’s retail market is also seeing the lowest vacancies on record even as major power centers are being developed for the first time in years.


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Phoenix was grouped with Atlanta, Dallas-Forth Worth, Houston, Miami, San Antonio and Tampa/St. Petersburg as “super” Sun Belt and magnet market categories by ULI. Super Sun Belt markets are considered large and diverse but also still affordable with emerging powerhouse economies.

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Phoenix and its surrounding suburbs have been repeatedly named some of the fastest-growing cities in the nation in recent years, according to Census Bureau estimates. In the same ULI report, Phoenix was also ranked in the top 15 markets for homebuilding prospects, coming in at No. 12 compared to the 13th spot last year.

Environmental concerns including heat waves and water shortages have not deterred growth in regions like Phoenix, the study noted.

“Households consider a range of factors when deciding where to live, and climate risks do not yet rank highly for many people,” the report said. “Consider that Phoenix jumped seven places this year to the second overall position, and Las Vegas cracked the top 20 for the first time in at least a decade.”

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The newest ranking is a return for Phoenix to the top three markets to watch after it fell to the ninth hottest market for 2023. The No. 3 ranking the previous year was the first time in more than a decade that Phoenix ranked in the top 10 for real estate prospects.

Tucson was also listed in the report as the 76th hottest market to watch for overall real estate prospects in 2024.

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 Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

FROM ME:  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. 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

DISCOVER WHAT IS HAPPENING IN ARIZONA

History of Arizona from  900 BC – 2017 -Timeline.

click here to view all my listings.   

LOOKING FOR SELLERS AND BUYERS.  YOU MISS 100 PERCENT OF THE SHOTS YOU NEVER TAKE, AND IF YOU THINK IT IS EXPENSIVE TO HIRE A PROFESSIONAL TO DO THE JOB, WAIT UNTIL YOU HIRE AN AMATEUR.

Walter Unger CCIM – cell: 520-975-5207 –  walterunger@ccim.net

CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY

Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net

Click here to find out what is a   CCIM:

 CLICK HERE TO VIEW ALL MY LISTINGS. 

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

Walter Unger CCIM

Associate Broker

West USA Commercial Division

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

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.

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

14350 N. 87th. Street, Suite 180

Scottsdale AZ, 85260

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. 

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.    

Check out my professional profile and connect with me on LinkedIn.

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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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