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Greater Phoenix State of the Market

Innovation, Expansion and Opportunities
Shaping the Valley of the Sun

Event Ended On: Tuesday September 18 2018

Registration Questions? **Please note we have pricing tiers based on ticket availability. Ticket prices will increase once we sell out of the current pricing tier. We cannot redeem a lower price once the ticket prices have been raised. **Bisnow is a cashless, checkless operation. Please only submit payment via credit card.

Events Speakers and Panels

Valley of the Sun Forecast: CRE Market Outlook 2018 and Beyond

Steven Schwarz

Steven Schwarz

Founding Partner, ViaWest

Greater Phoenix New Developments, Design & Construction

Mark Singerman

Mark Singerman

VP & Regional Director, Rockefeller Group

Agenda

Time Activity
7:30 AM
8:30 AM
Registration, Breakfast & Networking
8:30 AM
9:15 AM
Valley of the Sun Forecast: CRE Market Outlook 2018 and Beyond
9:15 AM
9:20 AM
5min Break & Stretch!
9:20 AM
10:00 AM
Greater Phoenix New Construction, Developments & Design
10:00 AM
10:30 AM
Post-Panel Networking

Venue/Parking

Renaissance Phoenix Downtown Hotel
100 N. 1st Street
Phoenix, AZ 85004

Ballroom/Floor: Pueblo Room

Parking Information: Valet Parking $13

Get Directions

Event Summary

The landscape of Phoenix has dramatically changed over the last decade: it has

grown

by over 150,000 people in 6 years and ranked as the second

fastest growing American city in 2017. Greater Phoenix itself, which includes Chandler, Glendale, Scottsdale, and Tempe, holds a metropolitan population of approximately 4.5 million

and currently has dozens of

cranes breaking ground on CRE projects. Subsequently, there have been several opportunities within the all asset classes of real estate market to design, build and innovate new developments. JLL's Phoenix Market 2018 Snapshots

and CBRE's Phoenix Market

findings propose: - Phoenix

cap rates continue to compress, indicating a favorable market for current owners and landlords - Increased job growth, as well as activity in finance and tech, has fueled healthy

demand for both spec office and repositioned space - The retail market remains in fluctuation. Big-box retailers moving out causing increased vacancy, while food and fast-casual restaurants are moving in, increasing demand - Industrial markets continue to grow in the Valley of the Sun, with over

7 million sq. ft. of industrial space under construction at the end of 2018 Q1 - As Metro Phoenix's millennial population continues to grow, multifamily is positioned to

experience

steady demand over the next 5 years As outlooks remain positive for the

Valley of the Sun, how can real estate executives, tenants and local leaders collaborate to

embrace rapid growth and development while maintaining Greater Phoenix's culture and uniqueness? Find out this

+ more

from Greater Phoenix's

most prominent leaders at our 5th Annual

Greater Phoenix State of the Market! As

always, Bisnow provides an abundance of opportunities for networking and deal-making in a fast-paced, (almost) never boring, three hour gathering. We look forward to seeing you there! For questions, comments and press inquiries, contact Sarah, our Phoenix Event Producer, at sarah.rotholz@bisnow.com Share your comments, post your photos and ask questions using #BisnowPhoenix on Twitter and Instagram, and follow us at @BisnowPhoenix on Twitter for more news.



1. As Greater Phoenix's tech industry continues to grow, can developers keep tenant office supply up to meet demand?

2. While construction costs and labor shortages continue to pose major set backs, what kind of solutions can help spur affordable development?

3. 2019 Forecast: which asset classes in are strongest for investment and development in Phoenix and the surrounding submarkets?

4. The retail market is fluctuating across the country. With big-box retailers moving out and new food concepts & restaurants moving in, how will this impact the Greater Phoenix market?

5. Will Phoenix continue to remain a seller's market with relatively low cap rates, or is the nation's real estate market too optimistic?