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 […]
Commercial Real Estate & Business News – September 8, 2022
Survey: Despite Inflation, Holiday Shopping Intent Looks Strong A solid majority of consumers will spend at least $100 this holiday season. According to the 2022 Holiday Preview from market research data and technology company Numerator, roughly six in 10 (59%) surveyed consumers expect to spend more than $200 on holiday purchases in 2022. Another…» New […]
Commercial Real Estate & Business News – September 7, 2022
Single-Family Prices Are Cooling And That’s Good For Multifamily Single-family home prices are finally softening across the US, but the cost of homeownership remains staggeringly out of reach for many consumers, particularly millennials. And while “significant price collapses” are not likely due to ongoing…» The State of Housing Supply: ‘Not Enough Homes to Go Around’ […]