Commercial Real Estate & Business News – January 9, 2024

In 2023, Arizona continued to attract record investments as high-tech industries surged. In short: The future is Arizona. The year also saw major wins for workforce development, infrastructure improvements, startup collaborations, supply chain enhancements, rural business expansions and…»

It has been 36 years since the U.S. had so many apartments available for rent, according to a new RealPage report. And the effect has been predictable: rents have fallen in markets where there has been the most growth, even though demand has rebounded. Indeed, in 4Q 2023 —a traditionally slow quarter…»

It is possible to run a profitable restaurant — and some people can actually make a lot of money doing it — but it isn’t easy. Restaurant profit margins are notoriously thin, and a recent report found that the cost of operating a restaurant in Arizona is one of the highest in the country. The new study…»

The recently completed ECO MESA apartment building has transformed a “postage-stamp”-sized infill parcel of land in Downtown Mesa into a community that boasts some of the most sustainable features in the industry. The community of 102 residential units — studio, one-bedroom and…»

U-Haul announced on Wednesday that Surprise and Queen Creek ranked in the moving company’s top 25 growing cities in the United States for 2023. The U-Haul Growth Index conducted its annual gain or loss assessment of more than 2.5 million trucks and trailers that have…»