Commercial Real Estate & Business News – August 16, 2021
Census: Phoenix Surpasses Philadelphia for 5th Largest, Diversity Also Increases Maricopa County was one of five counties in the country to add more than 300,000 people between 2010 and 2020, and Phoenix was the fastest-growing large city in the country, increasing its population by 11.2%, according to U.S. Census Bureau data released Thursday.Phoenix, which added…» […]
Commercial Real Estate & Business News – August 13, 2021
U.S. Investment Sales Post Third Highest Q2 on Record U.S. investment volume sales volume rebounded strongly in the second quarter to $130.9 billion—the third highest Q2 volume on record after 2019 and 2007, CBRE said Tuesday, citing Real Capital Analytics data. Volume was up 169.5% from the pandemic-era trough in Q2 2020. Volume increased significantly […]
Commercial Real Estate & Business News – August 12, 2021
Phoenix is No. 1 in Nation for Biggest Apartment Rent Increase According to a new report from RealPage, the leading provider of software and data analytics to the real estate industry, effective asking rents in Phoenix grew 3.4 percent in July, the second largest monthly hike in the nation. That big Phoenix apartment rent monthly […]
Commercial Real Estate & Business News – August 11, 2021
U.S. Industrial Posts Absorption of 100M+ SF for Third Straight Quarter U.S. industrial continues to prosper during the pandemic, posting 102.2 million square feet of positive net absorption for the third consecutive quarter, according to Transwestern’s second-quarter U.S. industrial market report. Markets leading net absorption in both Q2 and year over year include…» West Valley Sees Most Industrial […]
Commercial Real Estate & Business News – August 10, 2021
Mastercard: In-Store Sales Rebound in July, Exceeding Pre-Pandemic Levels Retail sales in July got a big boost from the Child Tax Credit and pent-up consumer demand, posting their 11th consecutive month of growth. That’s according to Mastercard SpendingPulse, which reported that U.S. retail sales (excluding auto and gasoline) rose 10.9% in…» CRE Loan Delinquencies Reach […]
Commercial Real Estate & Business News – August 9, 2021
Job Growth Continues as 943,000 Added in July Even with the delta variant of the coronavirus spreading through the country, July’s job report was surprisingly positive. On Friday, the U.S. Labor Department announced 943,000 new jobs were added last month, jumping past the expected totals of 865,000. That’s up from 938,000 that were…» Costco Sales Surge in July […]