Commercial Real Estate & Business News – July 6, 2023
Multifamily Demand Continues Its Climb In May, the average length of time that a rental unit sat empty fell to 26 days, the shortest duration since August 2022, according to a Marcus & Millichap report. It also noted that new lease applications per unit increased in the last two months, and the velocity of lease […]
Commercial Real Estate & Business News – July 5, 2023
Major U.S. Banks Could Survive the Worst CRE Scenario For those who have been worried about the banking system, the Federal Reserve brings news of its “annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a…» Retailers […]
Commercial Real Estate & Business News – June 30, 2023
SIHI, Graycor Begin Massive 4 Million SF Camelback 303 in Goodyear Leading real estate developer, manager and investor Sunbelt Investment Holdings Inc. (SIHI), along with general contractor Graycor Construction Company Inc., have debuted design plans for and started construction on Phase I of Camelback 303. The project initiates…» Phoenix City Council OKs Project that will […]
Commercial Real Estate & Business News – June 29, 2023
9 Best Places to Live in Arizona, According to Local Real Estate Experts With national parks, rich history, and a unique blend of cultures, Arizona draws many vacationers. However, it is also one of the fastest-growing states in the country, where 13 percent of the population was born abroad. So what makes the state so […]
Commercial Real Estate & Business News – June 28, 2023
Phoenix Retail Rents Soar As Vacancy Hits All-Time Low Historically tight market conditions driven by robust population growth and healthy consumer spending have sent rents surging in the Phoenix retail market. Annual rent growth surpassed 9% in the second quarter of 2023, one of the best performances in the country and triple the market’s…» Nearly […]
Commercial Real Estate & Business News – June 27, 2023
This Florida City Leads Nation in Retail Rent Growth As Ohio Surprises Boosted by the significant uptick in consumption resulting from strong population and employment growth, many major markets in the Sun Belt continue to see retail rents accelerating at a rapid pace, in many instances by more than twice the…» High Hopes Abound for […]