Commercial Real Estate & Business News – February 9, 2021
New Residents Push Up Metro Phoenix Home Prices, Rents Neither COVID-19 nor the big job losses tied to it are slowing rising housing costs in metro Phoenix. The median home price is poised to hit a new record, and rents climbed faster here than in many other big U.S. cities in 2020. Home prices and […]
Commercial Real Estate & Business News – February 8, 2021
Phoenix Leads Nation with Biggest Net Inflow in 2020 Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 25.5% in 2019, a 9% year-over-year increase. The increase is driven by people leaving…» At 70%, […]
Commercial Real Estate & Business News – February 5, 2021
CRE Needs That Third Stimulus Round While the second stimulus gave the US economy essential support, John Chang, SVP and director of research services from Marcus & Millichap says a third stimulus is even more important. “If a third round of stimulus is passed, that’s good for real estate,” Chang said in a new video. […]
Commercial Real Estate & Business News – February 4, 2021
Peoria Announces Plans for its First Regional Hospital at Site Where Unfinished Hospital was Recently Razed Peoria may land its first full-service hospital nearly a decade after construction of one began, ran out of money and stood as a partially built skeletal framework for years. Demolition of the unbuilt eyesore began in late October, and […]
Commercial Real Estate & Business News – February 3, 2021
Phoenix Office Leasing Falls 58% in 2020 Across the country, office was among the hardest hit sectors during the pandemic, and Phoenix was no exception. Office leasing activity in the market fell by 58% in 2020, according to research from Savills. The vacancy rate fell by increase 110 basis points to 22.3%…» 5 Arizona Housing […]
Commercial Real Estate & Business News – February 2, 2021
2021 Could Deliver Strongest Growth Since 1984 Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial…» Strong Phoenix Medical Office […]