Phoenix wages and incomes have outpaced apartment rent growth for over three years
Following rapid increases in the years following the onset of the pandemic, Phoenix apartment rents have swiftly reversed course, with 2025 shaping up to be the third consecutive year with negative growth. While Valley incomes and wages have followed a similar trajectory, the swings have been far less severe, allowing them to outpace falling apartment rents for over three years. According to data from Oxford Economics, the median household income in the Greater Phoenix area averaged annual growth of just over 4% from 2023 to the third quarter of 2025. Wages…»
Dual-branded AC Element Marriott Hotel at CityNorth is topped off
LaPour Partners and Holualoa Companies announced a major construction milestone with the topping-off of the new dual-branded AC Hotel by Marriott and Element by Westin at CityNorth. The ceremony marked the completion of vertical construction on the 8-story, 240-room hotel, which will help support growth in the vibrant Desert Ridge master planned community along the rapidly expanding Loop 101 corridor in North Phoenix. Developers, project partners, and construction team gathered on site for a celebratory beam-signing and the raising of the final structural…»
You can own part of a Pac-Man or Asteroids-themed Phoenix hotel
The Phoenix-based developers of an Atari-themed hotel planned on Roosevelt Row are hoping nostalgia and excitement might motivate old-school video game fans to invest in the project. Intersection Development, the developer of other Roosevelt Row projects, including the recently opened Rainbow Road, a Mario Kart-inspired apartment complex, purchased land in 2023 slated to develop an Atari-themed hotel, Jordan Taylor, partner at Intersection Development, said. How does someone invest in the Atari hotel? The group is opening a Regulation A, tier two equity…»
Phoenix ranks No. 1 large city for startups, Arizona dominates national report
When it comes to the nation’s most favorable ecosystems for startups, Arizona is proving to be a robust hot spot. A report by real estate platform CommercialCafe found Phoenix to be the No. 1 large city for nurturing startups while Tucson and Mesa are Nos. 4 and 5 in the ranking for smaller cities, respectively. The report looked at which places are most hospitable for early-stage companies navigating an era of tightening capital since the generous days of 2021. In times like these, CommercialCafe said, “startups must now rely more heavily on fundamental business health and…»
Office Market May Be Entering a Crucial ‘Normalization’ Phase
The NAIOP Research Foundation today released its newest office market forecast, revealing that national demand for office space surged in the third quarter of 2025 – a sharp reversal from earlier in the year that may signal the beginning of a broader market recovery. The report, “Office Space Demand Forecast, Fourth Quarter 2025,” analyzes current market dynamics, economic conditions and trends shaping office utilization across the U.S. According to the study, nationwide net absorption grew by 19.8 million square feet in the third quarter, a notable increase…»