Daily News – February 25, 2020
Retail Leasing and Rents Are ReboundingRetail leasing activity and retail rents are starting to rebound. The trend stems from a combination of new, more experience-focused retail concepts and online retailers transitioning into brick-and-mortar locations. As a result, retail leasing…» The U.S. Warehouse Sector Won’t Be Able to Escape the Impact from Coronavirus OutbreakThe coronavirus (2019-nCoV) […]
Daily News – February 24, 2020
Yardi: National Average Rent Falls $1 to $1,463; Rent Growth Steady at 3%The national average rent fell by $1 in January 2020, down to $1,463, while year-over-year rent growth has remained at 3%, according to the latest Yardi Matrix Multifamily National Report. January marks the third consecutive month of declines for the average U.S. rent, […]
Daily News- February 21, 2020
Phoenix Average Rent Registers the Largest Increase in the U.S.RENTCafé just released its January Rent Report, noting that the national average rent reached $1,463 after a 3 percent yearly increase. Phoenix average rent increased the most among the largest renter hubs, by 8.3 percent. While Mesa and Glendale are cheaper…» Toll Brothers to Build Apartments […]
Daily News: – February 20, 2020
MBA Forecasts Another Record Year for OriginationsCommercial and multifamily mortgage originations wrapped up 2019 with the strongest quarter on record since the second quarter of 2007, according to the Mortgage Bankers Association. Fourth quarter originations were up 7 percent over fourth quarter 2018…» Scottsdale Community Leaders, Including ORION’s Larry Kush, Launch ‘The SCOTT Project’More than […]
Daily News – February 19, 2020
Household Finances and the Outlook for Commercial Real EstateThe Federal Reserve Bank of New York reported last week that household debt increased $193 billion in the fourth quarter to a record-high $14.15 trillion, prompting some concerns about possible risks to the economic outlook from rising…» Apartment Vacancy Reaches Lowest Q4 LevelRenters across the U.S. are […]
Daily News – February 18, 2020
Median Valley Home Values High Among Wealthiest ZIP Codes; Still Some Bargain SpotsLiving among the wealthiest people in the Valley can be an expensive proposition, but there are always opportunities. As a working journalist who has spent the better part of two decades living in one of those upper-crust areas, I should…» Industrious Announces Downtown […]