Photo Courtesy of City of Chandler – Viridian
Maricopa County is growing rapidly; in fact, it is the fastest growing county in the nation, according to the U.S. Census (Bureau, U. C., 2023). With the country experiencing rapid growth, the real estate market is changing, as highlighted by industry experts at the Chandler Chamber’s Economic Update luncheon.
Sam Kapur, vice president of Arizona Elite Commercial, noted a contrast between the west valley, where numerous commercial buildings are industrial space, and the east valley, where a substantial portion of commercial buildings are categorized as high-tech and manufacturing.
Liz Recchia, government affairs director at WeSERV REALTORS ®, mentioned what communities are doing to ensure the availability of affordable workforce housing. She also highlighted the emerging trend of mixed-use housing.
Photo Courtesy of City of Chandler – AJ Chandler Park
Similarly, Lauren Koll from the City of Chandler discussed an upcoming mixed-use project coming to Downtown Chandler, known as One Chandler. This versatile complex contains 290 multifamily units, 13,000 square feet of office space and 16,000 square feet of commercial space on the ground floor. Another exciting development in Downtown Chandler is a food hall. It will feature six to 12 restaurants on the ground floor, with a bar centrally located, and mixed-use space on the second floor.
The Valley’s commercial and housing real estate landscape is evolving rapidly, which continues to make our communities a great place to live, work and play.
Speak Your Mind
You must be logged in to post a comment.