The COVID-19 pandemic has accelerated many consumer trends that were already emerging, the most significant being the scaling back of in-person retail and the scaling up of on-line shopping. Both of these developments have had major impacts on commercial real estate.
Our Team, Our Culture & Our Clients
The culture in Cresa's Phoenix office embodies Cresa's core values of collaboration, value creation, tenacity and always doing the right thing for our clients and our community. Learn more about our team in this video:
The most notable changes are visible in the sublease market, where inventory has increased by 150 percent just since March, totaling over 2.5 million square feet. Here are some of the most notable data points on the sublease market’s incredible rise.
Following the sharp bounce-back in the industrial market, recovery is now taking a more gradual trajectory.