Commercial Real Estate & Business News – December 17, 2024
Arizona’s economy: Headed into uncharted waters Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the…» Phoenix clears apartments near TSMC for development An […]
Commercial Real Estate & Business News – December 16, 2024
Arizona ranks fifth for domestic net migration amid lower-cost housing, healthy local economy The Copper State continues to be one of the top destinations for domestic movers, according to recently released state-to-state migration flow data from the U.S. Census Bureau, likely a result of factors including Arizona’s relatively affordable housing and healthy local economy…» The […]
Commercial Real Estate & Business News – December 13, 2024
Demand and Supply Constraints Fuel Optimistic Outlook for Multifamily Market in 2025 The multifamily sector is poised for a brighter 2025, with rents and construction costs expected to rise despite ongoing economic challenges. According to a recent report from Origin Investments, a combination of strong demand, supply constraints, and evolving financial…» Arizona income, home values […]
Commercial Real Estate & Business News – December 12, 2024
Gilbert leads Arizona’s housing surge with 67% growth over 18 years Gilbert is making waves as one of the fastest-growing cities in the Phoenix metro area, attracting families and young professionals alike. With housing demand surging, Gilbert has made significant strides in expanding its inventory—but challenges like affordability and the…» As 2024 wraps up, the […]
Commercial Real Estate & Business News – December 11, 2024
Consumer Wage Growth Outpaces Inflation but Retail Capital Markets are Subdued Retail has generally seemed to hold out through many of the trials facing CRE, in general. Right now, some data from Newmark might leave you confused about what is happening now. First is current economic conditions. As the firm noted, consumer wage growth is […]
Commercial Real Estate & Business News – December 10, 2024
As unleased logistics developments flood Phoenix market, local small-bay projects outperform in leasing Over the past five years, the amount of new industrial properties built in the Phoenix metropolitan area has been staggering, totaling more than 120 million square feet, an amount equivalent to the size of all existing industrial properties in the city of […]