Phoenix Office Market Strives to Regain Traction After Strong Year-end Showing

PHOENIX, AZ – April 11, 2013 – (RealEstateRama) — The Phoenix offi ce market has been making steady gains during the past two quarters and was the last commercial real estate sector to rise from the Great Recession. Continuation at that pace into 2013 was expected by many experts. Although the Phoenix offi ce sector is still posting some positive data, both demand for space and the lack of offi ce sector jobs (due in part to lingering concerns about the economy such as the government sequester), have slowed considerably.