Commercial Real Estate & Business News – March 4, 2025
Phoenix apartment rents get off to a hot start in opening month of 2025 The Phoenix multifamily market had an encouraging start to the year. The average asking rent rose 0.5% in January 2025, the largest month-over-month increase since May 2022. Last month’s result brings monthly rent growth back in alignment with pre-pandemic norms, with […]
Commercial Real Estate & Business News – March 3, 2025
Multifamily Recovery Expected by Late 2025 Supply chain problems and high interest rates are contributing to a shaky first half for the multifamily sector, according to the National Association of Home Builders (NAHB). Other challenges include the cost and availability of labor and developed lots, as well as higher material…» Phoenix office market sees increased […]
Commercial Real Estate & Business News – February 27, 2025
Cracks in the Consumer Firewall Begin to Appear The American consumer has proven surprisingly resilient over the past few years, creating a kind of firewall against other pressures on the economy. And while household balance sheets remain strong by historical comparison, a few signs of stress are beginning to emerge. Retail sales in…» City of […]
Commercial Real Estate & Business News – February 26, 2025
70% of Remote Workers Would Quit if Forced Back to Office Full-Time, Survey Finds A recent survey by FTI Consulting found that 70% of U.S. workers who are currently remote or working in a hybrid arrangement would be likely to look for a new job if their employer required them to return to the office […]
Commercial Real Estate & Business News – February 25, 2025
Apple announces plans to invest billions in Arizona Apple today announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years, including billions in additional investments in Arizona. This new pledge builds on Apple’s long history of investing in American innovation and advanced […]
Commercial Real Estate & Business News – February 24, 2025
Expert: CRE Offers Stability in Uncertain Economic Climate Investors may hit the pause button as the United States enters a new period of uncertainty driven by news of tariffs, deportations and government cost-cutting. This pause could last for weeks, months or even years as investors wait for clarity, said John Chang, national director of research…» […]