In our latest Ten on One podcast, we spend 10 minutes with James Murphy, CEO of Willmeng Construction. Willmeng has been one of the most active general contractors in all of Arizona over the past decade, with incredible data points. Here are a few takeaways from our talk on construction pricing, particularly tenant improvements:
— Don’t expect prices to come down until 2024.
— Look for a cost-effective return to older footprints with less exposed ceilings and less open space.
— Arizona’s diverse growth has outpaced the construction industry’s ability to keep up.
At the end of 10 minutes, we give you a summary of all the key points. Enjoy!
