Why is it important to note that fundamentals of commercial/investment real estate are coming back in Phoenix, Ariz.?
Because the Phoenix area -- like Las Vegas, like Southwest Florida, and a handful of other areas -- were among the hardest hit by the DROP in housing and commercial property values. So here we have an independent study by a major university noting that commercial property prices in the Phoenix area are "gaining steam."
More good news and yet another piece of the larger puzzle illustrating the market is coming back strong.
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