Commercial Real Estate & Business News – March 4, 2025

The Phoenix multifamily market had an encouraging start to the year. The average asking rent rose 0.5% in January 2025, the largest month-over-month increase since May 2022. Last month’s result brings monthly rent growth back in alignment with pre-pandemic norms, with January averaging a…»

Here are the 10 biggest deals in Metro Phoenix commercial real estate from February of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine…»

Less than a year after launching a $29 million renovation of a two-building Scottsdale office campus, Vero Capital has finished the first phase of its revamp. Vero Capital recently completed updates on five spec suites at the Inisio at Kierland campus, which is located at 16430 North Scottsdale Road…»

Manufacturing in the U.S. is continuing to expand and impact industrial real estate. Over and above the 100 million square feet of manufacturing space that has been delivered in the U.S. since 2022 and the additional 100 million square feet now under construction, there is a multiplier effect as related…»

In the final quarter of 2024, industrial real estate remained one of the most stable segments within commercial real estate, according to CommercialCafe. Development pipelines slowed across most markets, while vacancies continued to rise at a controlled pace. As a result, the market…»