Commercial Real Estate & Business News – March 15, 2021
Hot Scottsdale Hospitality Projects Add to Dynamic Tourism Landscape The tourism industry was thrown for a loop in 2020 as occupancy rates dropped as out of state visitors lessened and the normally high economic impact from Arizona’s resorts and attractions took a large hit unlike any in recent years. However, Scottsdale, one of the state’s […]
Commercial Real Estate & Business News – March 4, 2021
Analysis: Fundamentals of Arizona’s Economic Growth Arizona State University often touts its annual U.S. World News rating as the number 1 university in the world for “innovation.” But what does that really mean? How does this concept fit into Arizona’s economic outlook? Michael Porter, a Harvard professor who has dedicated his career to…» 9.8 Acres […]
Commercial Real Estate & Business News – March 4, 2021
Phoenix Among Top 10 Metros for New Business Formation, Report Says The Valley has been a haven for entrepreneurial activity, according to a new report from Roofstock, a real estate investment platform. The Phoenix metro had a startup formation rate of 9.63%, defined as the number of new businesses in a given year divided by […]
Commercial Real Estate & Business News – March 3, 2021
10% GDP Growth? The U.S. Economy is on Fire, and is About to Get Stoked Even More The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations as another fresh influx of cash looms. Manufacturing data Monday showed the sector at its highest growth level […]
Commercial Real Estate & Business News – March 2, 2021
Apartment Rents Hit Biggest Growth Spurt Since 2019 Apartment rent trends may have hit a new stride. The Apartment List national rent index increased by .7% month-over-month in February, the largest monthly increase since June 2019. The increase also represents the second consecutive month of rent growth, a possible turn in the downward…» Phoenix No. […]
Commercial Real Estate & Business News – March 1, 2021
Arizona has Turned Corner on COVID-19, Experts Say Health officials confirmed COVID-19 in another 1,310 Arizonans Wednesday and reported that 43 more people died from the disease, according to the latest numbers from the Arizona Department of Health Services. Depressing numbers – but a vast improvement from just six weeks ago, when the daily average…» […]