Today’s News 9-17-2025
Investors Stay Selective as Multifamily Cap Rates Edge Higher Investors are seeing opportunities in multifamily markets with durable job growth and limited new deliveries, but they remain highly selective about where they choose to invest, according to Crexi’s August 2025 report. Median cap rates for multifamily properties sold rose slightly to 6.36% while asking cap […]
Today’s News 9-16-2025
Arizona is the big winner of the latest job data revision The Bureau of Labor Statistics recently released a preliminary look at its benchmark revision of annual job data, estimating that total U.S. nonfarm employment in March 2025 was 911,000 jobs lower than previously reported. While the 0.6% downward revision was the largest since 2009, […]
Today’s News 9-15-2025
New Rentals Fill Faster in Early 2025 Despite Ongoing Supply Surge New apartments were rented slightly faster in the first quarter of 2025 than in the second half of 2024, offering a brief but significant pause in what had been a long downward trend in absorption rates. In the first quarter, 48 percent of newly […]
Today’s News 9-12-2025
Job Revision Wipes Out 911,000 Positions, Fueling CRE Uncertainty The government’s latest annual job revision landed with a thud, wiping out 911,000 positions from the previous count—a 0.6% drop that marks the steepest adjustment in a decade. The sheer size of the revision is rattling economists, raising fresh questions for commercial real estate and the […]
Today’s News 9-11-2025
Never Forget! Phoenix apartment rent losses compound in August The Phoenix multifamily market is in a persistent state of fundamental imbalance, keeping vacancy elevated and rents on the decline. The average asking rent at Valley apartment properties decreased 0.5% in August, matching the decline in July and marking the seventh-consecutive month with flat or negative […]
Today’s News 9-10-2025
Phoenix’s industrial developers are thinking outside the big box The Phoenix industrial market is at the tail end of a historic construction boom that has dramatically reshaped the Valley’s landscape. Since the start of 2023, about 80 million square feet of gross industrial space was completed in Phoenix, outpacing the market’s cumulative construction total from […]