Commercial Real Estate & Business News – June 1, 2023

The NHL has long supported the Arizona Coyotes in Arizona, but worries about the team’s long-term future in the state took another big hit when Tempe voters rejected a new arena for the team last week. One writer recently shed some light on a reason why…»

Green Street calls the industrial outdoor storage subsector “a beautiful ugly duckling.” Marcus & Millichap calls it “last-mile industry’s highly demanded, yet underdeveloped cornerstone.” Previously known as a niche within the larger industrial market, over the…»

Phoenix is one of the hottest markets for self-storage in the country, according to a recent report by industry group StorageCafe. The big picture: Interest in self-storage nearly doubled among America’s major cities from 2019 to 2022 based on increases in internet…»

Phoenix leaders are pushing Arizona’s congressional delegation to help low-income residents. Specifically, they want more federal vouchers for subsidized housing. Phoenix Mayor Kate Gallego calls voucher allocation political, “There’s been a hesitation in Washington, D.C., to update the…»

After months of declining prices real estate markets may be stabilizing. Phoenix prices also seeing improvement, but not quite at the same level as the nation. The S&P Case Shiller index is how Wall Street tracks home price trends. Nationally prices are up…»