Investment shift in Arizona

[Matt Greer]

I'm in the Arizona Real Estate market on a daily basis it's what I do. I've noticed that there has been a slight slow down in the purchase of residential real estate. Granted it's still fast, but nothing like it was a few months ago. In the past year I've seen investors literally buy properties and just hold them for a month or two and turn around and sell them or do a very minimal remodel and make money. It's been an  amazing and wild ride, but I've noticed another trend emerging as the residential market is starting to slow a little. 

More and more businesses are moving here. These are businesses that are coming here from across state and international borders. This is amazing for our economy because it brings jobs and money from other places into our economy. All these people moving here made it so that Arizona has a ton of workers and that mixed with our low taxes and relatively lenient employment laws has drawn a ton of businesses here and they just keep coming.

What are you doing to take advantage of these large businesses moving here? Are any investors switching their focus or placing more of their portfolio into commercial property investments or do you not see the need? This massive growth has opened up a few new opportunities for land investments. Some I've seen are land turned into truck yards for all the smaller contractors building everything. Storage as people are forced into smaller homes due to higher home prices. Warehouses seem to be doing great as well. What creative ways are you taking advantage of the commercial growth (that you don't mind sharing of course) that is accompanying this massive growth in population?

I pretty much just work with residential real estate, but I also follow the money and wanted to see what other people think of this trend in Arizona especially in the Phoenix, Scottsdale, Mesa and Gilbert area where I'm at.