1. As vacancy continues to decline, will more investors be willing to take the plunge in the Greater Phoenix office market?
2. How are developers attracting tenants to their massive spec developments?
3. Will new construction in Chandler and Tempe be able to keep up with high demand?
4. As Class A rents rise, will tenants find interest in Class B and C space?
5. How can Greater Phoenix attract more outside investment into the market?
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The region's office market has been cautious since the Recession, and understandably so. New construction has not been a priority, and spec space a rarity.
However, we're beginning to see vacancy decline and increased demand for space in the market. Chandler and Tempe alone, while they do account for 80% of the pipeline, are seeing 2.5 M SF of new construction.
As demand continues to rise, developers are responsive, though are they responsive enough? With rapidly increasing need for space and rising rents, the market may be approaching a new quandary.
What does all of this mean for you? Join us and the region's market leaders as we assess the office market, forecast its growth and strategize Greater Phoenix' success.
Share your comments, post your photos and ask questions using #BisnowPhoenix on Twitter and Instagram, and follow @Bisnow on Twitter for more national news.
For questions, comments and press inquiries, contact James Shearin, our Phoenix Event Producer, at James.Shearin@bisnow.com