Commercial Real Estate & Business News – June 27, 2023

Boosted by the significant uptick in consumption resulting from strong population and employment growth, many major markets in the Sun Belt continue to see retail rents accelerating at a rapid pace, in many instances by more than twice the…»

Southeast Mesa residents regularly bemoan the lack of dining and entertainment options close to their neighborhoods, a state of affairs they say pushes them into Gilbert and Queen Creek in search of food and fun.City officials have worried that in addition to impacting…»

The Valley’s startup scene keeps gaining steam, and that has increased its prominence on key annual evaluation of the world’s leading locations for new and innovative companies to thrive. The Phoenix metro stepped up a notch to No. 19 this year on the…»

Housing affordability increased nationally and in all Arizona metropolitan areas for the first quarter of 2023 based on the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (released June 8). Rising incomes…»

America’s youngest generation to come of age is taking on mortgages despite steep economic hurdles, including pandemic graduations and student loan debt, Axios’ April Rubin reports. By the numbers: 17.6% of mortgage requests made in…»