Looks like the commercial real estate developers still like Gilbert even though residential real estate hasn’t rebounded yet.
From the East Valley Tribune - More shops and offices are on the horizon for Gilbert, as commercial builders chug away at new developments despite the slowed real estate market.
More than 50 projects - totaling $700 million - are in the works, said Dan Henderson, the city’s economic development manager. Much of that growth is sprouting along the Santan Freeway stretch of Loop 202.
I take this as a good sign. Gilbert is a great community and if the commercial developers are investing loads of money into the area they must be confident in a turn around in the real estate market.
Butwin added that the real estate market will likely improve by the time the building is finished. In 12 months, “the economy is going to be very different,” he said. “It’s still a fast-growing community. It’s still underserved in a lot of aspects.”
There are some good deals in Gilbert real estate these days. If your looking to buy in Gilbert I have a list of foreclosure homes I can email you. Just drop me an email or use the contract form on the right side of the page.
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