Today’s News 9-10-2025

The Phoenix industrial market is at the tail end of a historic construction boom that has dramatically reshaped the Valley’s landscape. Since the start of 2023, about 80 million square feet of gross industrial space was completed in Phoenix, outpacing the market’s cumulative construction total from 2008 to 2019, as well as the entire existing inventory of Palm Beach, Florida. The 19% increase in industrial stock during that time ranked Phoenix as the fourth-fastest-growing market…»

A firm connected to Arizona-based billionaire Arte Moreno has scooped up a 1.47-acre Phoenix property for $11 million. The parcel contains a pocket park that rests between a historically significant Chase Bank location at 4401 E. Camelback Road and a commercial center anchored by The Henry, a popular restaurant and meeting spot from Sam Fox’s Fox Restaurant Concepts — which also has its corporate offices in the complex. The Moreno-affiliated company already owns the…»

Apartment rents have dipped slightly as occupancy softens, heralding the return of mild annual rent cuts following recent resiliency, according to a RealPage analysis. The average effective rent across the country fell 0.2% year-over-year in August, and 0.4% month-over-month, to $1,882. Annual price increases have been negligible for some time, noted RealPage. This is the first time annual rent cuts have emerged since March 2021. The decrease comes as occupancy fell to…»

Sunbelt Investment Holdings, Inc. (SIHI) “We are incredibly excited about the swift progress at Buckeye Commons West and the caliber of tenants it continues to attract,” said David Dawson, SIHI Assistant Vice President of Asset Management. “The strong interest from leading national brands for these high-quality pads underscores the immense demand and strategic importance of this location. We’re eager to see these new businesses open their doors and serve…»

The office construction activity in Phoenix remained sluggish during the first half of the year, according to the latest Yardi Research Data. The metro’s pipeline ranked seventh among its peers, while only three properties came online, marking a notable year-over-year drop in office deliveries. Similarly, office transactions in The Valley placed it sixth among peer markets, while average sale prices and rents were below the national level. However, Phoenix’s office vacancy rate…»