Commercial Real Estate & Business News – September 20, 2022
Renting Sun Belt Apartments Still a Bargain Compared to Coasts The rhythm of migration out of coastal areas with high housing costs into less expensive Sun Belt cities accelerated during the pandemic. Skyrocketing demand for apartments in markets such as Austin, Texas; Phoenix, Arizona; and Tampa, Florida, pushed rent…» Phoenix’s Median Rent Grew by Nearly […]
Commercial Real Estate & Business News – September 19, 2022
Phoenix’s Successful Retail Sector Stretches from Power Corridors to Main Streets For decades, Arizona’s housing and commercial real estate industry have benefitted and fed the state’s robust gains as population grew. Even during the pandemic, Phoenix welcomed more than 140,000 new residents fleeing more expensive, crowded…» Foreign Investors Bulk Up on US Properties as Inflation […]
Commercial Real Estate & Business News – September 14, 2022
Phoenix Leads Data Center Markets in New Demand Phoenix is the hottest data center market in the US, measured in megawatts of net absorption, as overall US market absorption surges past the total demand in 2021, according to the latest Data Center Outlook report from JLL. US market demand reached…» Glendale Rezones High-Profile 188 Acres […]
Commercial Real Estate & Business News – September 13, 2022
San Francisco Investment Firm Acquires First Arizona Property with Purchase in Scottsdale Airpark San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has acquired Cimmaron Industrial Park in the Scottsdale Airport Industrial submarket of the Phoenix metro area. The deal closed on…» Downtown Apartment Tower to Incorporate a […]
Commercial Real Estate & Business News – September 12, 2022
Here’s How many Californians Have Moved to Arizona Roughly 64,000 Californians have moved to Arizona annually during 2016-2020. Net migration has long been a key source of Arizona’s population growth, usually contributing much more than natural increase (births minus deaths). As the baby boom generation…» Wealthy Millennials Are on the Move, and Many of Them […]
Commercial Real Estate & Business News – September 9, 2022
Retail Fundamentals Stay Positive Despite inflation headwinds that have presented challenges for shoppers, decreasing spending power and consumer confidence, JLL’s Q2 2022 Retail Outlook finds that retail fundamentals are solid, with net absorption remaining positive for six straight quarters, leasing hitting its…» Fry’s-Led Shopping Center Proposed in East Gilbert A new commercial shopping center […]