Commercial Real Estate & Business News July 3, 2019
Building an Experience in Retail We’re in a particularly exciting time when it comes to building retail customer experiences as emerging technologies and ever-changing shopping trends present limitless possibilities. That said, the stakes for providing special experiences are getting higher. Whether you’re a big player or just starting out, all retailers need to not only…» Apartment […]
Commercial Real Estate & Business News July 2, 2019
No Economic Shift Expected Through 2020 The economy should remain steady through 2020, according to several market experts. A recent report from Beacon Economics forecasted little chance of a downturn through 2020. Gary Bechtel of Money360 agrees with industry consensus: the economy is steady with no anticipation of a recession through 2020. “Based on the current […]
Commercial Real Estate & Business News July 1, 2019
Number of Job Openings Outnumber Unemployed by Widest Margin Ever A recent report by the U.S. Department of Labor revealed that the number of job openings in the U.S. outnumbered the number of unemployed Americans by the widest margin ever. The number of people looking for jobs fell to roughly 5.82 million in April, whereas the […]
Commercial Real Estate & Business News June 27, 2019
Phoenix Retail Investors Are Betting on Growth Continuing Its Push Into East Valley’s Exurbs Retail investors continue to move their chips to Phoenix’s fast-growing exurbs with high household incomes. Affluent East Valley submarkets Gilbert and Queen Creek have been the favorites, accounting for about one-quarter of the more than $800 million in retail sales volume through […]
Commercial Real Estate & Business News June 26, 2019
Retail Sales Increase in May; April Sales Revised Higher Shoppers ramped up their spending in May. And April sales were better than previously indicated. Retail sales rose 0.5% in May over the previous month and increased 3.2% year-over-year, according to the National Retail Federation (NRF). The NRF numbers, which exclude automobile dealers, gasoline stations and restaurants, […]
Commercial Real Estate & Business News June 25, 2019
Market Stat: Strong Absorption Keeps Industrial Fundamentals Steady in Phoenix Strong absorption continues to mitigate supply-driven pressure in Phoenix’s industrial market. Over the past 12 months, more than 6.5 million square feet of industrial space has been absorbed, and about 7.2 million square feet has delivered. Vacancies are hovering near 6.5%, well below the market’s historical […]