Commercial Real Estate & Business News – August 29, 2024
Why Phoenix Decision-Makers are Optimistic About Growth Local leaders of small and midsize businesses are increasingly confident in the U.S. economy and their prospects for growth. Despite ongoing concerns about inflation and interest rates, more decision-makers are looking to fund new growth initiatives, ranging from investments…» Office Users Moving Back to Expansion After Post-Pandemic Contraction […]
Commercial Real Estate & Business News – August 28, 2024
Phoenix Moves Ahead of Silicon Valley in Data Center Supply The Metro Phoenix data center supply grew by 150.8 megawatts (MW) in the first half of the year as developers delivered more capacity to meet growing demand, according to CBRE’s latest North American Data Center Trend Report. Phoenix’s total inventory increased to…» 4 Questions with […]
Commercial Real Estate & Business News – August 27, 2024
CRE Gets Ready for Imminent Rate Cut The start of interest rate cuts is imminent, according to remarks made Friday by Federal Reserve Chair Jerome Powell, who expressed confidence that inflation is within reach of the U.S. central bank’s 2 percent target. “The time has come for policy to adjust,” Powell said in a highly […]
Commercial Real Estate & Business News – August 26, 2024
Unpacking the Fears and Opportunities Around AI in the Hotel Industry NASHVILLE, Tennessee — Artificial intelligence has been a major buzzword in the hotel industry over the past couple of years, but there are still a lot of unknowns in regard to what it is, how soon it’ll have an impact and how it can […]
Commercial Real Estate & Business News – August 23, 2024
Expanding Retail Tenants Remain Active in Hunt for New Locations Retailers shook off numerous economic headwinds and signed leases for slightly more than 52 million square feet during the second quarter, an increase of more than 10% compared to the leasing averages recorded over the past two years for that quarter — and the most […]
Commercial Real Estate & Business News – August 22, 2024
Glum Consumers Turn to Retail Therapy The University of Michigan’s index of consumer sentiment brightened in early August, rising from an eight-month low of 66.4 to 67.8. But the news might not be as positive as the headline would suggest. Consumers expect the Federal Reserve to lower interest rates soon and see a better environment…» Lending Momentum […]