Commercial Real Estate & Business News – October 19, 2021
Why Phoenix is Expected to be a Top Real Estate Market to Watch in 2022 Phoenix was named among the top metros for real estate prospects in 2022, according to the 2022 Emerging Trends in Real Estate report, done by the Urban Land Institute and PwC US. Phoenix ranked third in the nation, behind Nashville […]
Commercial Real Estate & Business News – October 18, 2021
SN Report: Retailers Optimistic About Center Store Sales in 2021 Although consumers are no longer engaging in the bulk shopping of the early pandemic, when center store products like household goods, paper products and shelf-stable grocery items were in high demand, current shopping behaviors still reflect the surge in home cooking and eating that originated […]
Commercial Real Estate & Business News – October 15, 2021
Yardi: Asking Rents Rise 11.4% YOY, Monthly Growth Moderates Slightly at $16 Asking rents rose by 11.4% year over year at the national level in September, while the national average rent rose to an all-time high of $1,558, up $16 from August and 11.1% this year to date through three quarters. While this…» Industrial Hits […]
Commercial Real Estate & Business News – October 14, 2021
Kush: I Can’t Support Scottsdale’s General Plan Update During my many years of service on the Scottsdale Planning Commission, there were several meetings where city staff updated us on the progress of the revised general plan and asked us for our comments.City planning staff put in untold hours of…» Industrial Growth: Too much, Too Little […]
Commercial Real Estate & Business News – October 13, 2021
ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail property values in the pandemic.ICSC released on […]
Commercial Real Estate & Business News – October 12, 2021
More Than 20,000 Apartment-Conversion Units are Slated to Deliver This Year. A Growing Number are in old Office Buildings. The Covid-19 pandemic didn’t invent the real estate conversion model. Buildings have been retrofitted into new uses for generations. But it did, apparently, accelerate the popularity of the model, especially conversions into apartments. A recent report […]