The Northern Arizona commercial real estate market is tracking with the national markets. Leases were up by about 50 percent in 2008 over 2007 while the sales transactions over the same time period decline by about 45 percent.
Prescott, Arizona commercial transactions were weak in the first quarter, in line with Flagstaff and Sedona. The larger commercial real estate market throughout the Central and Northern geographic area continues to show a softening of price with increasing vacancies, especially within markets with smaller retail users.
The investment market is ripe with opportunity and top lenders such as Wells Fargo are making money available to qualified investors on performing properties.
Contact Donald Teel, Arizona Commercial by email or by calling toll free 1-877-777-9100.