This Industry Outlook is a portion of the 2018 Arizona CFO Spotlight Survey Report
The 2018 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the real estate segment here in terms of growth, risk factors, strengths and trends.
CFOs expressed uncertainty with changing immigration laws, both from a tenant perspective and how policy might impact their labor costs. A consistent policy is viewed as good for business growth by 37.5% of respondents.More than 37% of CFOs are concerned about border security and immigration policy, but not to the same degree as leaders in last year's Survey. Most of the respondents believed the Trump administration would have "some positive impact" on the business climate in Arizona. Available skilled labor and better tax incentives could support their growth. To keep good talent, CFOs in real estate are focused on bonuses and compensation, health and retirement benefits, flexible schedules and also work-at-home options. With regard to population growth or decline, CFOs cite complexity in land development and water supply issues as a long-term challenge rather than a short-term concern.
Top three infrastructure concerns in real estate: public transit, utlities improvements, and IT improvements
"That is the bulk of what I've done in a year—revamped policies and procedures to secure assets and protect us."
Average Number of Employees
Revenue in 2018
- 50% We will increase significantly 50%
- 38% Will increase slightly 38%
- 13% Will decrease slightly 13%
Top Areas of Focus
- Staffing and labor costs
- City infrastructure and land development
- Working capital
- Company culture
- Process and systems review
63% very optimistic 38% somewhat uncertain
Access to Cash?
38% some impact 50% very little impact
not a problem