Commercial Real Estate & Business News – June 8, 2017
Economy Watch: Rents Volatile in Many Markets in May While nationwide apartment rents are still on the rise, several markets have recently faced spikes in rent, according to a recent ABODO report. Rent decreases going into June, on the other hand, were on the smaller side. Apartment rents are still rising nationwide, but there is a lot […]
Commercial Real Estate & Business News – June 7, 2017
Yardi: Rents Rise by 1.5% Nationwide in May The average U.S. monthly rent rose in May for the third month in a row, up by $4, to $1,316, according to the latest Matrix Monthly survey by Yardi Matrix. These increases belie the long-standing rent-growth deceleration trend, which has continued unbroken for 13 months. Rents rose […]
Commercial Real Estate & Business News – June 6, 2017
Investment Sales Market for Multifamily Begins to Recover after a Pause The year isn’t turning out quite the way apartment experts expected it to just a few months ago. In January, it seemed like interest rates would begin an upward climb, which would push cap rates higher for investments in apartment properties. Instead, interest rates […]
Commercial Real Estate & Business News – June 5, 2017
MBA: Delinquencies ‘At Or Near Record Lows’ Delinquencies on commercial and multifamily mortgage loans remained flat or decreased in the first quarter, the Mortgage Bankers Association said Thursday. Among the major capital sources, all but CMBS come in below 1%, according to MBA figures…» Unemployment Drops to Lowest Level Post-Recession The unemployment rate has hit […]
Commercial Real Estate & Business News – June 2, 2017
Job Growth in America is ‘Rip-Roaring’ The U.S. labor market continues to beat expectations. In May, the U.S. private sector added 253,000 jobs, according to data from the ADP Research Institute. Economists had expected private payrolls to rise by 180,000 during the month…» Phoenix & Canada: An Underrated North American Business Partnership From […]
Commercial Real Estate & Business News – June 1, 2017
Phoenix’s Tech Scene is Growing – in an old warehouse district PHOENIX – A rusted shell of what once was a produce warehouse is an unlikely setting for a tech renaissance – but it’s happening on a small patch of land a few blocks south of downtown Phoenix. Within the two square miles that house Phoenix’s Warehouse District, there’s ample […]