2024 Phoenix Metro’s Commercial Real Estate: Mid-Year Review and Looking Forward
Having been active as a commercial real estate professional in the Phoenix Metropolitan area for well over 20 years, I’ve witnessed the ebb and flow of our market through multiple economic cycles. Today, I’m seeing a landscape that’s both familiar and unfamiliar, which in turn presents its own unique challenges and opportunities for investors, developers, […]
Commercial Real Estate & Business News – August 1, 2024
Arizona Credit Gets Boost in Ratings From Standard & Poor’s on Strong Economic Growth Hot on the heels of Maricopa County being named No. 1 for economic growth nationwide, the state’s development prospects have received another boost from the Standard & Poor’s Global Ratings agency. Late last week, S&P revised its outlook on Arizona’s overall credit to […]
Commercial Real Estate & Business News – July 31, 2024
Interest Rate Cut Coming Soon, but Fed Likely Won’t Tell You Exactly When This Week Powell will have another opportunity to talk about interest rates at an Aug. 22-24 meeting in Jackson Hole, Wyoming, where officials and economists from around the globe discuss policy. The Fed will probably alter its language this week “to reflect the […]
Commercial Real Estate & Business News – July 30, 2024
Modest Pickup in Demand for US Industrial Space Suggests Slowdown May Be Easing At first glance, the second quarter saw little change to recent U.S. industrial market conditions, which have been gradually shifting more in tenants’ favor since the beginning of last year as available industrial space accumulated in ever-greater amounts. Just over 100 million […]
Commercial Real Estate & Business News – July 29
206 Acres of Land in Avondale Sells For $247 Million In one of the biggest commercial real estate deals of the year, QTS Data Centers acquired 206.08 acres of land in Avondale for $246,866,895, according to Vizzda. The sellers were Terry Klinger and Grand View Dairy. The sale breaks down to $1,198,014.82…» Rents Will Eventually Moderate in […]
Commercial Real Estate & Business News – July 26, 2024
U.S. Economy Grew at a 2.8% Pace in the Second Quarter, Much Faster than Expected Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, […]