C&W Barometer - Downtown Phoenix a Leading Market

Cushman & Wakefield recently (3/22/06) issued a report predicting office space demand and rental rate rises in 55 U.S. cities. Four regions of the country had particularly strong 24-month outlook - Northern California, Washington DC/Northern Virginia, New York City, and Phoenix.

They have labeled Phoenix a Leading Market, explaining that "the central business district is experiencing revitalization, with new residential development underway, new infrastructure improvements occurring, and expansion commitments from major employers like Arizona State University."

Just one more indication that Downtown Phoenix has turned the corner.