Commercial Real Estate & Business News – July 18, 2023

One step forward, one step back, according to the Q2 2023 Phoenix metro office reports from commercial brokerage firms Avison Young, CBRE Group Inc. and Cushman & Wakefield. While net absorption rates for the Valley market seemed to be inching closer to a state of equilibrium during…»

The boutique commercial real estate company IndiCap, who specializes in industrial investment and development in Arizona along with Colmena Group, a real estate development and investment company headquartered in Salt Lake City, and Arizona-based…»

A new Target, Harkins Theatres and more could be some of the first tenants secured for the planned Verrado Marketplace shopping, entertainment and dining center in Buckeye, according to city documents. The $125 million Verrado Marketplace was announced in 2022 by Phoenix-based Vestar and…»

JLL’s recent chart of the week, showing gross office leasing activity, presented what might be a surprise given the doom and gloom the sector faces. Leasing activity improved in the second quarter with the fastest growth rate since 2021 Q2. However, tempering the good news somewhat is…»

​Shifting consumption patterns and evolving behavioral trends are influencing the types of tenants that are expanding in the Phoenix retail market. Analysis of historic leasing activity reveals that experiential retail — including bars, restaurants and fitness-related — have gained market…»