Commercial Real Estate & Business News – September 25, 2024
Retail construction in Phoenix’s outer suburbs outpaces more downtown areas Construction has been muted in the Phoenix retail market for over a decade, as developers have shifted their focus to other property types in the wake of the Great Recession. Just 6.6 million square feet of gross new retail space has been completed since the […]
Commercial Real Estate & Business News – September 24, 2024
How did past interest rate cuts affect commercial property? Check out these six charts. In this century, it has taken anywhere from 1 1/2 to 3 1/2 years for commercial property sales volume and prices to begin increasing following interest rate cuts. The way it all plays out, after the Federal Reserve’s announced half-percentage-point cut […]
Commercial Real Estate & Business News – September 23, 2024
The Valley’s older, Larger Distribution Centers Retain Tenants at one of the Strongest Rates in the US An unprecedented wave of supply over the past few years has driven Phoenix industrial space availability to one of the highest levels in the nation. While the deluge of speculative construction has dramatically expanded the…» Multifamily Investment Conditions […]
Commercial Real Estate & Business News – September 20, 2024
Fed’s Rate Cut Opens Unique Window of Opportunity for Investors With the Fed cutting interest rates by half a point this week and more cuts expected before the end of the year, the next 50 days could be a unique window of opportunity where the math aligns particularly well for investors, according to Marcus & […]
Commercial Real Estate & Business News – September 19, 2024
Real estate industry hopes rate cut will bring better times The U.S. Federal Reserve said it is making a half-percentage-point cut to its benchmark interest rate, a long-awaited move that real estate investors hope will be a first meaningful step toward a recovery of property values, transaction volume and development activity. The formal…» Here’s what’s […]
Commercial Real Estate & Business News – September 18, 2024
Republic Services’ large Phoenix HQ offices up for sublease Republic Services Inc. (NYSE: RSG), one of Arizona’s largest publicly-traded companies, has placed its existing corporate footprint on the market as it kicks off construction on a new headquarters office in Phoenix. The environmental services company’s current headquarters, a…» Will the Fed Go Big or Start […]