“Phoenix has positioned itself well, and that ecosystem effect should keep generating downstream demand across industrial, infrastructure and support facilities.”   

Phoenix’s role as a distribution mega-hub isn’t going away either, he contends. “Population growth continues to underpin warehousing and logistics demand, and even with some normalization, the long-term fundamentals remain strong.” 

Abbott predicts that retail and health care projects will continue to find their footing and sees opportunities in infill and tenant improvement work.

“Owners are being more selective and strategic, which favors repositioning, adaptive reuse and thoughtful upgrades over ground-up speculation in most sectors,” he says.

“Looking ahead, I think material cost pressures and interest rate volatility will intensify. That environment will demand more sophisticated planning, tighter underwriting and a greater focus on long-term value creation rather than purely transactional development.”