Commercial Real Estate & Business News – July 12, 2022
Inbound Migration, Commercial Real Estate Rent Growth in Phoenix to Continue, Report Says A growing population has brought a higher cost of living in Phoenix. And that growth trend is showing little sign of slowing down, with a new report suggesting that as the population swells, the Phoenix metro could draw more interest from…» Apartment […]
Commercial Real Estate & Business News – July 11, 2022
More Research Shows Multifamily Rents Are Moderating In yet another confirmation that the days of sky-high multifamily rents are over, data from RealPage released this week shows that June rents came in lower than earlier this year in more than half of the major US metros the firm tracks…» New Luxury Community Zaterra Opens in […]
Commercial Real Estate & Business News – July 8, 2022
Three Arizona Cities Top the Nation for Number of Luxury Apartments Being Built With some Valley cities gaining almost exclusively high-end apartments during the past decade, Arizona is leading the nation for luxury apartment living, according to a new report. StorageCafe, a subsidiary of Santa Barbara, California-based…» Scottsdale’s Affordable Housing Situation is Worst in Metro […]
Commercial Real Estate & Business News – July 7, 2022
Phoenix Industrial Rent Growth Accelerates Through Second Quarter Phoenix industrial rents grew by nearly 15% annually in the second quarter, an all-time high and one of the best performances in the country. Although rent gains continue to accelerate, the pace has moderated following 2021’s record surge…» Casa Grande Moves Forward With Lucid Group Development Agreement […]
Commercial Real Estate & Business News – July 6, 2022
Office Landmark in Phoenix’s Camelback Corridor Slated for $52 Million Renovation A local developer known for modernizing outdated offices across greater Phoenix plans to upgrade a Camelback Corrider building with its brand of collaborative flex space that includes yoga and other high-end employee perks. George Oliver Cos. bought the…» Metro Phoenix Has 2 of 5 […]
Commercial Real Estate & Business News – July 1, 2022
Big Plans for Gilbert Field: A Development Where People Can Llinger Longer’ A plan for a 40-acre vacant field near Mercy Gilbert Medical Center aims to “create something different, unique and special,” a representative for the developer said. Indiana-based Thompson Thrift, which has several other projects around the Phoenix area, is…» Anxiety, Optimism Collide in […]