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© Copyright 2017 by MP Media, LLC

Lot supply is becoming a major concern for the top 30 builders who capture 
approximately 90 percent of all the permits. As the lot supply dwindles, 
larger land deals are beginning to occur for the first time in years. The 
opening of the 303 and the completion of the lawsuit for the South Mountain 
Loop will allow the West Valley to continue its increasing capture of the 
permit activity. 

The success that Casa Grande is finally having, with new employment 
opportunities, will see a reemergence of builders in that area to absorb the 
3,500 finished lots that are currently sitting dormant. The resale market has 
a 2.5-3-month inventory supply which is not close to serving the demand 
that is building.  

The apartment market is still experiencing low occupancy levels with 
thousands of units being built in a concentrated Scottsdale/Phoenix 
area. We are beginning to see the acquisition of apartment ground in the 
outlying areas to capture the demand for rental units in certain locations. 

The State Land Department is feeling the pressure of growth 

encroaching their borders and will be a huge part of our real 

estate activity for years to come.  

Over the past two years, we have also seen a reemergence of master plan 
communities throughout the Valley. With the conservative underwriting that 
the major homebuilders are required to follow, low-risk lot deals along with 
guaranteed long-term inventory is becoming more and more important for 
these companies’ boards of directors.

Nate Nathan

Yours Truly,

NATE  NATHAN

ARIZONA

’S PUBLICA

TION FOR 

THE COMMERCIAL 

REAL EST

ATE INDUSTR

Y

www.CEM-AZ.com

Issue 6, 2008

NATE NATHAN

Nathan & Associates, 

Inc.

Perfecting the 

Art of Mixing

Business with 

Pleasure

Featured Brokers

Larry Downey 

and

JerryJacobs

Cushman & W

akefield

Professional Profile

Geoffrey D. 

Harris

Mark One CAPIT

AL

Property Profile

Airpark South 

UTAZ 

Professional 

Village

NATE NATHAN

Nathan & Associates, 

Inc.

Perfecting the 

Art of Mixing

Business with 

Pleasure

Featured Brokers

Larry Downey 

and 

JerryJacobs

Cushman & W

akefield

Professional Profile

Geoffrey D. 

Harris

Mark One CAPIT

AL

Property Profile

Airpark South 

UTAZ 

Professional 

Village

fter my 40 years of selling 
real estate, it is amazing 
to me that the last 10 
years have, in general, 
been brutal to Arizona 

real estate. Congratulations to Mandy for 
creating an incredible publication that has 
served our real estate community well. And 
congratulations to anyone reading this 
article because I think the next several 
years are going to be incredible and off 
the charts for the real estate market in the 
state of Arizona.

The strength of our population and job 
growth continues to get stronger. We finally 
have a pro-growth, businessman governor 
who is proving to be a great leader for our 
state and our future growth. Our economy 
is beginning to become more diversified 
and the attempt to increase the number 
of higher paying jobs seems to be taking 
hold.

Nate Nathan featured in 
Commercial Executive 
Magazine in 2008

To sum it up, 2017 and beyond are going to 
be phenomenal years for whatever part of the 
real estate market you are in.

 Combining all the facts 

above with our pro-growth environment, weather, diverse economy, new 
transportation corridors, the fact that we are a “right to work” state, our 
four professional athletic teams and a governor that is pro-business – 
we are all lucky to be living in this great state. 

///

 Happy New Year to 

everybody from Nathan & Associates, Inc.!