Commercial Real Estate & Business News – September 25, 2017
Commercial Real Estate Outlook Remains Strong Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors quarterly commercial real estate forecast…» Mortgage Market, REITs […]
Commercial Real Estate & Business News – September 22, 2017
Demand on the Rise in Phoenix At midyear, Phoenix’s office inventory totaled 108 million square feet. Transaction volume for the 12 months ending in July totaled $1.2 billion, corresponding to the more than 11 million square feet that changed ownership. All in all, the Valley of the Sun’s office market has lately been a shining […]
Commercial Real Estate & Business News – September 21, 2017
Kohl’s Wants Your Amazon Returns, And Your Impulse Buy Rather than compete with Amazon, Kohl’s is welcoming a partnership with the tech giant with open arms. After announcing earlier this summer that Kohl’s would be selling select Amazon devices at 10 of its stores, the department store chain said Tuesday it will also start accepting Amazon.com returns […]
Commercial Real Estate & Business News – September 20, 2017
Fed Survey: 76% Expect Third Rate Hike in December While market prices suggest less certainty, 76 percent of respondents to the CNBC Fed Survey believe the central bank will hike interest rates in December. Various market-based gauges put the probability at 43 to 55 percent. On average, respondents to the survey see two to three […]
Commercial Real Estate & Business News – September 19, 2017
Bright Outlook for Commercial Real Estate Economic growth is set to reduce the commercial real estate vacancy rate to 11.9% over the coming year, the National Association of Realtors forecasts. The 1.1% overall decline is matched by the industrial sector, taking its vacancy rate to 7.8%; while retail will decline 0.4% to 11.4%. Vacancies will […]
Commercial Real Estate & Business News – September 18, 2017
Where Is The Hottest Intersection In Metro Phoenix? A committee came up with the top 10 intersections. The group wouldn’t reveal criteria, only saying it was objective and subjective. Half were in Phoenix, including Central Avenue and Camelback Road. That’s where Craig DeMarco and his partners have opened five restaurants…» Epicenter Will Bring a Mixed-Use […]