The Phoenix office market experienced a record-breaking previous year in 2019 that featured significant relocations and expansions to the region, and further continued to hold strong in the first quarter, according to a report from Kidder Mathews. However, the quarter ended with an unprecedented disruption to the industry in the form of COVID-19. As such, the trajectory of the local office market faces uncertainty as the extent and severity of the worldwide pandemic is unknown and continues to evolve at a rapid pace.
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