Commercial Real Estate & Business News – October 7, 2020
Apartment Demand Surges to Strongest Third Quarter on RecordTenants are moving to the suburbs in droves, according to CoStar’s latest apartment report, and downtown landlords are cutting rents. CoStar tracked several novel trends in the multifamily sector during the past quarter, including an extended leasing season and a lot…» How the Pandemic Complicates Valuing Distressed […]
Commercial Real Estate & Business News – October 6, 2020
8 Arizona Cities Among Top 20 for Bouncing Back MostThe employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the…» Metro Phoenix […]
Commercial Real Estate & Business News – October 5, 2020
Apartment Rents Are on the Rise in Sun Belt MarketsDespite an improving economy and stronger than normal demand during an unusually long leasing season, the coronavirus pandemic weighed further on apartment rents in the third quarter. At the national level, quarter-over-quarter rent growth was essentially flat, with rents falling only 0.1%…» Traffic Is Returning Faster […]
Commercial Real Estate & Business News – October 2, 2020
Apartment Rents Are on the Rise in Sun Belt MarketsDespite an improving economy and stronger than normal demand during an unusually long leasing season, the coronavirus pandemic weighed further on apartment rents in the third quarter. At the national level, quarter-over-quarter rent growth was essentially flat, with rents falling only 0.1%…» Traffic Is Returning Faster […]
Commercial Real Estate & Business News – October 1, 2020
8 Arizona Cities Among Top 20 for Bouncing Back MostThe employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, […]
Commercial Real Estate & Business News – September 30, 2020
Phoenix Home Prices ‘Grow Without Restriction,’ Lead Nation AgainPhoenix continues to set a blistering pace for year-over-year gains in home price growth on the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. While the national price increase was 4.8% in July, up 4.3% from the previous month, Phoenix doubled that growth with a 9.2% […]