179429 Resource 164804 165387 165387 1187138069609 1187138069609 Controlled Phoenix is Booming

Commercial real estate development is now setting the pace.

<p>The <a title="wall street journal online" href="http://www.wsj.com" target="_blank">Wall Street Journal</a> Reports that despite the slow residential real estate market, commercial construction in Phoenix is booming.</p><p>Part of this growth is the continued strong economics of the Phoenix valley. Construction of office, retail and industrial is strong.&nbsp; If these investors and institutions did not see a profit potential in the Phoenix market they would not be investing here.&nbsp; </p><p>Theirs is a more long term vision and in the long term, Phoenix is a growth city.&nbsp; Besides the fledgling construction industry, &quot;Phoenix has a lot of other sources of growth, and that will tide it over&quot; said chief economist for Economy.com. <br />The article states that the increasing population has been an engine for economic growth.&nbsp; Indeed, Phoenix is the 5th larges city in the U.S., now bigger than Philadelphia, with over 1.5 million people and a young median age of 33.&nbsp; &quot;These demographics continue to attract employers to the region...&quot;</p><p>If you look at downtown Phoenix, the Metro Light Rail, South Scottsdale, Glendale, and North Scottsdale, the positive economic outlook is clear.&nbsp; </p> 9 application/xml false commercial real estate in phoenix Glendale real estate metro light rail north scottsdale real estate phoenix real estate south scottsdale real estate Greater Phoenix population forecast item/171081 information about the upcoming Phoenix light rail item/177329 Phoenix suburbs are some of the fastes growing in the U.S item/176406 large real estate development project in North Scottsdale item/178712 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web