Commercial Real Estate & Business News – August 14, 2024

Consumers often see themselves as victims of economic forces. But they have more power than individuals realize. First, 69% of GDP is consumer spending. Without individuals living their lives — and paying their bills — there wouldn’t be much of any economic growth…»

An unprecedented wave of supply has been driving a period of dislocation in the Valley industrial market over the past 18 months. The second quarter in 2024 marked the fourth-consecutive quarter with approximately 10 million square feet or…»

Buckeye is moving forward with its tech corridor after it made plans earlier this year to scrap one of its planned master-planned communities. In April, the City Council continued a motion to discuss terminating the city’s development agreement for Cipriani, which was approved in 2008…»

Industrial vacancy has risen for six straight quarters to reach 6.1% in June and more space is soon to be delivered. But developers need not panic as the tide is about to turn, according to Marcus & Millichap’s midyear 2024 industrial report. In those six quarters, the company…»

Right now, Americans are finding themselves navigating two different living situations: to buy or to rent. A significant portion of the U.S. population is renting for a longer period of time whether due to financial or personal factors. But in Buckeye, homeownership…»