General Phoenix Metro Discussion Thread

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Originally Posted by Obadno

This is good to see, I doubt Phoenix could ever become a first tier city like NY, Chicago, LA. As it lacks the geography to really do so, however it is nice to see that we are moving from a 3rd tier retiree zone, into a 2nd tier city.

However we are likely doomed into LA's larger regional center of gravity forever.

https://www.bizjournals.com/phoenix/news/2018/10/24/phoenix-a-top-secondary-market-for-office.html

Was a commercial real estate analyst for nearly 20 years. Phoenix is a tertiary (third tier) office market and second tier industrial market. That will not change in the near future. We have office inventories nearly half of cities smaller than us in every metric. We are not an office town. Sure, you might have shitloads of call centers and most of the them are in industrial flex buildings converted to office use.

Having said that, it doesn't mean Phoenix is not a dynamo when it comes to growth, technology, tourism, you name it. s. Phoenix is getting more cosmopolitan and diverse in good ways. It's just that the dynamics of our office sector are to feed the larger markets. For us, that's LA and Dallas.