2016 Commercial Real Estate Outlook – Spotlight on Mesa for Future Office, Industrial & Transit-Oriented Growth

AZ Big Media summarizes the real estate outlook for the Phoenix-metro area in 2016, and Mesa is poised for growth. This detailed look at the entire metro also highlighted the Phoenix-Mesa Gateway area as a area to watch for industrial development in the future. Gateway has ample land available, an expanding infrastructure network, the Phoenix-Mesa Gateway Airport, and renowned companies & institutions like Apple, Able Engineering, CMC Steel, Cessna, Fujifilm, Bridgestone Americas, Matheson Gas and more.

Mesa was also highlighted for the recent infill developments and redevelopments occurring in close proximity to the light rail. For example, the 110,000 SF Project Centrica building, a former big box retail space in the Fiesta District, will soon be home to a Santander Consumer USA operations facility which will employ up to 1,000 people. We feel the recent expansion of the light rail further into Mesa will be a significant draw for new employers and developers who are looking to take advantage of transit-oriented locations and developments.

“Along the light rail corridor, Mesa is pushing for vertical integration of mixed-use development that will encompass residential, office and retail development, said Mesa Economic Development Director William Jabjiniak. Also, as some of the submarkets become built out, they become land-locked, making Mesa an affordable alternative, Jabjiniak added.”

We are excited for 2016, and will continue working to make Mesa an attractive place to develop & invest, to start & grow a business, and to live/work/play. #NextMesa

Original Article: http://azbigmedia.com/azre-magazine/spotlight/phoenixs-economic-and-commercial-2016-outlook

 

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