Here’s why the Arizona economy is poised to accelerate
The Arizona economy continues to grind along at a slower-than-usual pace. Jobs are rising slowly, with reduced hiring and modestly elevated layoffs weighing on growth. Income is also slowly rising, reflecting the post-pandemic deceleration in employment costs, although taxable sales growth has rebounded. House price increases have slowed, but housing cost burdens remain elevated and housing permit activity is down so far this year. Stabilizing house prices have…»
A classic Scottsdale hotel has a new look and name. Take a peek inside.
There’s a new name in luxury in the area where Scottsdale and Paradise Valley converge — an evolution of a classic metro Phoenix hotel, transformed into a contemporary destination resort. Kimpton Miralina Resort & Spa, the $42 million renovation and rebrand of the former Scottsdale Plaza Resort & Spa, opened its doors on Jan. 7 and held a ribbon cutting on Jan. 19. The resort received a nod from Forbes, which featured it on its unranked list of nine hotels opening…»
CRE’s Next Chapter Hinges on the Fed’s Past Moves
Sometimes in commercial real estate, the past does more heavy lifting than the future. The Federal Reserve’s Federal Open Market Committee has not signaled whether it will lower rates again in 2026, but several cuts made last fall are still working their way through the financial system—and that lag may prove decisive for the year ahead. As Trepp Chief Economist Rachel Szymanski points out, the effects of monetary policy move through the economy with the familiar “long…»
Office Properties Drive Price Gains in 2025
US commercial real estate prices saw varied performance in 2025, with office properties in major markets posting the strongest gains according to CoStar’s Commercial Repeat Sale Indices. Value-weighted office prices rose 3.8% over the year, marking a significant rebound from an 11.4% decline in 2024. The uptick reflects renewed investor confidence in high-value office assets, particularly in markets like San Francisco benefiting from demand in sectors…»
Plateauing Vacancies Signal Turning Point for Industrial Market
The U.S. industrial real estate sector is entering a transformative year, shaped by shifting policy and evolving development priorities. After years of elevated supply and slower absorption, vacancies are beginning to plateau, making site selection an increasingly critical factor for new construction. According to a CommercialCafe analysis, the national industrial vacancy rate stood at 9.2% at the start of 2026, more than double the 2022 rate and 120 basis points higher…»