Today’s News 9-17-2025

Investors are seeing opportunities in multifamily markets with durable job growth and limited new deliveries, but they remain highly selective about where they choose to invest, according to Crexi’s August 2025 report. Median cap rates for multifamily properties sold rose slightly to 6.36% while asking cap rates slipped to 7.19%. The spread between the two indicated ongoing price discovery and selective bidding for quality “even as multifamily proves to be a less risky…»

Nearly 900,000 square feet of industrial space across more than 40 Phoenix-area buildings has been acquired in a $168 million transaction. Institutional investor BKM Capital Partners, which focuses on multi-tenant light industrial real estate, bought the Valley portfolio alongside Kayne Anderson Real Estate, according to a Sept. 10 announcement. An affiliate of Equus Capital Partners Ltd. was the seller of the portfolio, which includes eight properties in Phoenix and Tempe. CBRE’s…»

The Phoenix multifamily market is in a persistent state of fundamental imbalance, keeping vacancy elevated and rents on the decline. The average asking rent at Valley apartment properties decreased 0.5% in August, matching the decline in July and marking the seventh-consecutive month with flat or negative rent movement. Last month’s underwhelming performance brings the year-to-date rent change to negative 1.4%, a meaningful weakening compared to 2023 and 2024…»

Office work across the nation is taking a turn toward technology, and the fastest-growing office occupations in the Phoenix metro show that trend is true of the Valley as well. Those are among key findings in Yardi Kube’s Most Popular Office Occupations in the U.S. report, which ranked jobs’ popularity by their speed of growth between 2019 and 2024. In the Phoenix-Mesa-Chandler metro, occupations in data and mathematical sciences have been growing the fastest…»

The expansion of remote work in recent years has altered perceptions around the purpose of an office. People whose daily commute was a simple fact of life suddenly found themselves performing their duties from the comfort of their own home. But in some professions, being physically present is the only way to be successful, and other businesses discovered that these arrangements come at the cost of culture and collaboration. That’s exactly why it’s important to identify the 10…»