Commercial Real Estate & Business News 6-18-2025
Phoenix sees surge in millionaire renters as high earners embrace lifestyle The American Dream perhaps takes for granted that most people who can afford a house would want to buy one, but there’s a growing segment of high earners in Phoenix who prefer to rent. A new analysis from national apartment search platform RentCafe pegged […]
Commercial Real Estate & Business News 6-17-2025
High-rise apartment boom reshapes Phoenix’s urban core The downtown Phoenix skyline is quickly changing as several new high-rise apartment buildings have sprung up in recent years, with a handful of others planned or already underway. Some 1,581 new residential units opened downtown from 2023 to 2024, while 2,940 units were under construction and 3,309 units […]
Commercial Real Estate & Business News 6-16-2025
The economic engines driving Phoenix’s maturing economy When Mat Sherman, an Arizona State University graduate, was launching his first company, PubLoft, about a decade ago, he quickly learned there wasn’t much of a network for venture capital in Phoenix. And that was a long-standing problem here. It mattered because such seed money is a measure […]
Commercial Real Estate & Business News 6-9-2025
Multifamily Rent Growth Sees Steady Gains in May Economic and financial market uncertainty hasn’t yet had a significant impact on multifamily fundamentals, which remained healthy in May. The average U.S. asking rent increased $6 to $1,761 last month, according to the latest Yardi Matrix National Multifamily Report. Year-over-year asking rent growth, which barely has moved […]
Commercial Real Estate & Business News 6-6-2025
Navigating U.S. Policy Shifts in CRE Is a New Experience and Challenge The combination of speed, breadth, and uncertainty in following the plans of the Trump administration is “novel in almost every way,” Charlie Smith, managing director of Geopolitical Strategy Consulting at Newmark, tells GlobeSt.com. “And a lot of that speed is driving the uncertainty,” […]
Commercial Real Estate & Business News 6-5-2025
Phoenix named No. 1 industrial market in first quarter of 2025 In the first quarter of the year, construction activity remained low due to ongoing oversupply, while rents increased in 29 of the 30 major markets we analyzed. The industrial real estate sector remains stable, though upcoming policy changes in global logistics and manufacturing could […]