Commercial Real Estate & Business News – September 13, 2021
U.S. Multifamily Rents Set Record for Year-Over-Year Growth Multifamily asking rents increased nationally by 10.3% in August on a year-over-year basis, marking the first double-digit increase in the history of Yardi Matrix’s data set. Overall occupancy was strong, as well, increasing by 0.9% from a year ago to 95.6%. All metros that Yardi Matrix tracks […]
Commercial Real Estate & Business News – September 10, 2021
KPMG: Retailers Optimistic About Holiday but Worried About Inventory Shortages Holiday sales are expected to be 7% higher this season compared to last year — the metric is almost double the industry’s historical growth, which tends to run 3% to 4%.That’s according to a new report from KPMG, which surveyed 114 U.S. retail executives across […]
Commercial Real Estate & Business News – September 9, 2021
CapRock Partners Launches Largest Spec Industrial Complex in History of Phoenix CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., today announced the development commencement of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City of Phoenix. CapRock is transforming one of […]
Commercial Real Estate & Business News – September 8, 2021
A Closer Look at Apartment Resident Touchpoints Since the Pandemic CHICAGO—Priorities on how operators create and respond to touchpoints with renters and prospects have been shifting since the pandemic. New technology has unlocked opportunities to connect in different ways and to generate data to help with decision-making.Strategies for such were discussed by…» Glendale Commission Approves […]
Commercial Real Estate & Business News – September 3, 2021
Across the top 30 markets CommercialEdge surveyed for its newest report, asking rents for industrial space averaged $6.31 per square foot in July and Phoenix led the nation with 24 million square feet of industrial space under construction.The highest average rent increases were recorded in port markets, with Southern California in the…» Pandemic’s Downtown Apartment […]
Commercial Real Estate & Business News – September 2, 2021
Kush: Scottsdale Needs to Make Inclusionary Housing Decisions In an article published by the Wall Street Journal less than two months ago, the WSJ said that the United States is millions of housing units behind current demand.In Arizona, this translates to a pre-pandemic need of 230,000 new units — roughly 50,600 in Scottsdale…» Phoenix Leads […]