The metro Phoenix office market in 2006 should continue the improvement shown in 2005 because demand is up, vacancy rates are slipping, and the market is one of the most popular in the nation, according to new reports.
The economic analysis concluding that 2005 was one of the best-ever years in metro Phoenix’s commercial real estate market is music to David E. Sellers’ ears because it matches his company’s own performance.
The announcement in 2003 that Atlanta’s largest law firm, King & Spalding LLP, would be leaving 191 Peachtree for new Midtown offices created a ripple of concern for proponents of downtown.
Recapping the fourth quarter and looking ahead to where the commercial real estate market is headed, the Business Journal talked to brokers who specialize in office, industrial and retail space – Buck Forcum of Grubb & Ellis | Centennial; Drew Robinson of Nashville Commercial Real Estate; Services; Ben McKnight of Horrell Co.; Monte Turner of Turner & Associates; Peggy Sells of Colliers Turley Martin Tucker; and Steve Horrell of Horrell Co. Here are some of their thoughts about commercial real estate in the Nashville area:
Butch West, president of A-Z Office Resources, is inaugurating a buying spree in Middle Tennessee with the $2 million purchase of a building at 3014 Owen Drive, near Interstate 24 and Old Hickory Boulevard.