Commercial Real Estate & Business News – December 4, 2023

More price hikes are ahead next year but greater overall stability is also expected, according to JLL’s latest report. Calling 2023 a “year of stabilization for the construction industry,” JLL’s 2024 forecast states a strong project pipeline will keep the industry busy in the…»

If you’re in the building and development business and you’ve got ideas about how the city of Phoenix can make the process easier, the Planning and Development Department wants to hear from you. Driving the news: The department on Monday held the first of four planned listening…»

PHOENIX — An eye-catching mixed-use project called Manzana is coming to the Roosevelt Row Arts District in Phoenix. Architect Lev Libeskind designed the eight-story building to be a landmark of urban renewal in downtown Phoenix. Construction is expected to begin near Roosevelt Street…»

These projects are gaining momentum, but the market impact remains limited, according to the latest CommercialEdge report. The potential conversion of vacant office spaces into housing has gained attention since the early days of the pandemic, reflecting the lasting changes in the relationship…»

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. However, what you might not know is that home sales are climbing, which is a good sign. Watch the video above to get the latest…»