Commercial Real Estate & Business News – July 31, 2017
Retail Cap Rates Stay Stable in the Second Quarter In spite of persistent trend of rising store closings, retail cap rates stayed largely flat in the second quarter of 2017, according to data collected by commercial real estate services firm CBRE. On the national level, cap rates average 6.8 percent-a one basis point increase from […]
Commercial Real Estate & Business News – July 28, 2017
First Half Economic Score is Pretty Good for Arizona By all accounts, economic growth was slow nationally during the first quarter at only 0.7 percent. That’s a big drop from the 2.1 percent growth experienced by in the last quarter of 2016 – and way off from President Donald Trump’s promise of 3 percent growth during […]
Commercial Real Estate & Business News – July 27, 2017
New Apt. Supply Lags Demand In Biggest Metros SAN FRANCISCO-With concerns in the air about overbuilding in some markets, the flip side is undersupply, which may be considerably more widespread. A new report from Apartment List says that only 10 of the nation’s 50 largest metro areas have produced enough new housing to keep pace […]
Commercial Real Estate & Business News – July 26, 2017
Super Tight Market in California Could Spillover into Arizona The vacancy rate in the Phoenix market for industrial space came in at 9.2 percent in the second quarter, according to Commercial Properties Inc. That is down 4.1 percent from the previous quarter, according to CPI. That looks pretty good and looks even better when compared […]
Commercial Real Estate & Business News – July 25, 2017
Housing Starts, Permits Jump in June Housing starts in June came in 8.3% ahead of May at a seasonally adjusted annual rate of 1,215,000, 2.1% above the June 2016 rate of 1,190,000, the Census Bureau reported Wednesday. Single-family starts were up 6.3% to a rate of 849,000, 10.3% ahead of last June. Building permits in June […]
Commercial Real Estate & Business News – July 24, 2017
How Can We Meet Future Apartment Demand? The NMHC, in partnership with the National Apartment Association, recently launched the Vision 2030 campaign. This new educational and public relations effort focuses on the strong and growing demand for apartments from now through 2030. One of the program’s foundational pieces is a new research report, produced by […]