Phoenix economic, real estate leaders express ‘guarded optimism’ for 2021
Economic development leaders and real estate professionals are expressing “guarded optimism” for the Phoenix economy and real estate industry in 2021.
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Belfiore expects 2020 to end with 31,000 housing permits; optimistic about future job growth
Regional real estate expert Jim Belfiore expects to see the Phoenix housing market to end 2020 with 31,000 new construction permits.
Read MorePhoenix among list of top 10 projected housing markets in 2021
Phoenix was projected to have the sixth-best housing market in 2021 with an influx of retirees and millennials flocking to the dry desert heat of Arizona’s capital.
Read MoreArizona sees population gains as California sees first-ever drop, Census estimates show
Arizona’s population continues to surge as people move to the state in droves.
Read MoreTaiwan Semiconductor launches $38B Phoenix presence by signing major lease
Less than one week after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) secured 1,129 acres of land to build a $12 billion factory in North Phoenix, the company moved forward with its official market entry with a 46,735-square-foot office lease. Located at the two-building Canyon Corporate Plaza office campus in Phoenix, the deal marks one of the largest office commitments to sign in the Valley since the start of the COVID-19 pandemic.
Read MoreValley Metro receives $50.4 million in federal grants for northwest light rail extension
The Federal Transit Administration has allocated $49.4 million in Capital Investment Grants to Valley Metro for construction of the second phase of the Northwest Light Rail Extension project, and a $1 million grant for planning the project.
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