When 2020 began, the commercial real estate industry was enjoying calm winds at its back and smooth sailing ahead. The forecast changed rapidly, and by the middle of 2020, it was lifeboats in the water and everyone was bracing for the commercial real estate ship to go down in 2021.
However, the industry managed to salvage a solid 2020, with many companies in the Greater Phoenix market enjoying record years in terms of activity. This was due to the overall strength of the market, one that was shaped by the last downturn that took almost a decade to recover from.
The companies highlighted below were some of the ones leading the way as the industry fought through the unknown elements caused by the COVID-19 pandemic, and will be the ones to keep an eye on as they navigate into 2021. Here are the commercial real estate companies to watch in 2021.
Celebrating 15 years of ongoing success in healthcare architecture, ARCHSOL continues to design solutions that enhance and benefit its clients’ ability to serve the community’s healthcare needs. This past year, ARCHSOL has grown to more than 35 individuals with experience in all facets of healthcare project delivery. ARCHSOL was awarded a 2020 “ENR Award of Merit” for a bed-pod renovation project as well as a “Best Places to Work” award. The ARCHSOL team is ready and prepared to handle all that 2021 has to offer!
Butler Design Group / Architects and Planners
Butler Design Group (BDG) remains an industry leader for commercial architectural firms in the Valley. Named Architectural Firm of the Year in both the 2020 NAIOP and AZRE RED Awards, BDG recently surpassed the 50 million square foot mark of projects completed and/or under construction over the past 25 years. In 2020, BDG was involved in the design of over 6.5 million square feet, including the design of several marquee projects such as the Creighton University Health Sciences Campus.
Caruso Turley Scott Structural Engineers
As one of the oldest and largest structural engineering firms in the Southwest, Caruso Turley Scott was well positioned to thrive during the challenging 2020. CTS worked on noteworthy projects that came to life in 2020, including HonorHealth Sonoran Medical Center and Valleywise Health Medical Center. Moving forward, CTS will continue to deliver best-in-class engineering across the entire scope of product type.