Commercial Real Estate & Business News – February 24, 2015
Phoenix Rents Rise 5.6 Percent In Year, Top U.S. Average Phoenix-area apartments and rental homes remain affordable compared to those in other big U.S. cities, but rate increases here are starting to rise faster than the national average. Median rents in the Phoenix metro area climbed 5.6 percent over the 12 months through January, according […]
Commercial Real Estate & Business News – February 23, 2015
Microsoft Could Land Big Data Center In Phoenix Microsoft Corp. could locate a large new data center in Phoenix. A commercial real estate official said the Microsoft data center could be landing at Union Hills Drive near Interstate 17. The project could total as much as 575,000 square feet and the transaction may be completed […]
Commercial Real Estate & Business News – February 20, 2015
Apartment Construction Boom Could Extend Well Into 2016 One of the most popular topics of discussion at commercial real estate conferences over the last few months is when will the current rush of U.S. apartment construction slow down — and recent government numbers and commentary from CoStar economists suggest that the answer may not be […]
Commercial Real Estate & Business News – February 19, 2015
The CRE Bar Is Set High for 2015 As we assess market conditions across the globe today we can hold our heads high and thank last year?s momentum for this year?s potential. A positive foundation has been laid. Economic indicators look good, leasing is robust, new deliveries are set to be 25 percent above last […]
Commercial Real Estate & Business News – February 18, 2015
Arizona’s Economy Poised to Warm Up in 2015, Reports Say Arizona’s economy, which grew in line with the nation last year, could perk up with a faster pace of expansion in 2015, according to new forecasts. Robert Kavcic, senior economist at BMO Capital Markets, sees Arizona’s economy advancing 3.5 percent in 2015, beating expected U.S. […]
Commercial Real Estate & Business News – February 17, 2015
NRF Forecasts Retail Sales to Increase 4.1% Over Last Year The National Retail Federation released its 2015 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1 percent, up from the 3.5 percent growth seen in 2014. NRF also announced today it expects non-store sales in 2015 to […]