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1945 W. Rose Garden Lane • Phoenix, AZ 85027

Phoenix Commercial Brokers

Sales & Leasing – Commercial, Industrial, Office, Land

Specializing in the Greater Deer Valley Airpark

Feel free to stop in our Deer Valley location on the NEC of 19th Avenue and Knudson Drive in the heart of Deer Valley Airpark. 22849 N 19th Avenue, Suite 140

Phoenix, Arizona 85027

623-516-7744 COMMERCIAL REAL ESTATE

THE DOG DAYS OF SUMMER

Over the years, ‘The Dog Days believe it or not, I look at this as a sign of Summer’ have presented that the good times have returned. in very different ways in the commercial real estate world. It was I remember years ago that the people normal for a slow down over our in my business, the real estate business, long, hot summer months when the would plan for the Dog Days of Summarket was good. The Deer Valley mer. We looked forward to it. We exAirpark industrial market showed pected the slow down and planned our significant slowing in the summer vacations to coincide with the summer months of 2005, 2006 and 2007. This slow down. I didn’t see much of that was a normal tendency in a typical to after the market collapsed. Every one hot market. People went on vacation. of us was working hard to stay alive, A large part of our population would like every other business in town or get out of the heat and that was throughout the country for that matter. expected and typical in Phoenix. That all changed over the next decade This year was dramatic and it haphowever. pened instantaneously on the first day What you might expect in a down hit and the real estate switch got turned market would be decreased activity off, at least in the industrial market. and deals. Well certainly the deals dis- Experience tells me it’s only temporary appeared. The industrial development, and as soon as school starts back, the sales and leasing virtually disappeared activity will return. The great thing for a half dozen years. When deals did about our current market is that when return, it was mostly tenants mov- activity returns, the deals will return ing around or investors picking off as well. Many of my phone calls to foreclosures. There were no new busi- others brokers in town are forwarded to nesses moving into our market. But a some out of town vacation destination. strange thing happened during those Either my competitors are out of town years. There was almost no change in or heading out of town shortly. In fact, activity in the summer months in those I would say a majority of my calls have years. Business people were scram- found brokers on vacation this sumbling hard to keep things afloat and mer. It’s a sign that the good times have make things work. I didn’t see much returned. Enjoy while it lasts. I haven’t drop off in activity over the summer yet figured out when the next downturn months through the beginning of this will arrive, but as soon as I know, I’ll decade. There sure weren’t many let you know. deals to be made, but everyone in my business was working like mad to survive…certainly no vacations here.

Now, the ‘Dog Days of Summer’ are back. It seems like everyone went on vacation this year. It feels like old times again. We are in a very good commercial real estate market currently which means this summer has seen a very significant slow down. It almost felt like a switch was flipped. The phones were ringing off the hooks and we were running like mad just trying to keep up, and then it almost came to a dead stop. We’ve had some very quiet days this summer and of summer. Memorial Day weekend