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Commercial Real Estate & Business News – May 17, 2024

Phoenix Still a Top US Market for Big-Box Industrial Growth, Report Says Phoenix has kept its title as one of the top markets in the country for the growth of large warehouse space even as the sector has cooled off nationally, according to a CBRE Group Inc. report. The Valley had a 6% growth rate … [Read more...] about Commercial Real Estate & Business News – May 17, 2024

Commercial Real Estate & Business News – May 15, 2024

CRE Transaction Numbers May Be Seeing Some Recovery There’s a bit of a turnaround in CRE sales transactions, according to a Moody’s CRE report. But the current results and trends vary by property type and a return to pre-pandemic normalcy will need the help of the Federal Reserve’s reduction of … [Read more...] about Commercial Real Estate & Business News – May 15, 2024

Commercial Real Estate & Business News – May 14, 2024

Retail Becomes Top Performing Asset Class The retail market is the property division that is generally delivering the strongest results among the four leading asset types, according to In Marcus & Millichap’s look at first-quarter fundamentals data. Multi-tenant retail space absorption in the … [Read more...] about Commercial Real Estate & Business News – May 14, 2024

Commercial Real Estate & Business News – May 13, 2024

Several Large Move-Outs Fuel Negative Net Absorption in Phoenix Office Market Several large office tenant move-outs during first quarter fueled the Phoenix office market to post negative net absorption reaching -572,754 square feet, according to a report released by Colliers. Despite total … [Read more...] about Commercial Real Estate & Business News – May 13, 2024