With the first quarter of 2024 completed, the construction industry in the Phoenix metropolitan market has seen growth in response to increased residents and businesses. While some sectors have faced challenges due to economic uncertainty, others like built-to-suit projects for specific end-users, student housing, and senior living developments have thrived. The focus is shifting towards customized solutions to meet client needs and ensure long-term success. Opportunities for growth and innovation are anticipated, with a proactive, data-driven approach being key for success in the future.
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