Commercial Real Estate & Business News – January 10, 2024
Phoenix Ranked No. 1 in Nation for Manufacturing Growth, Report says Phoenix is the top market for manufacturing growth thanks to at least 14 major announcements that have been made in the region since 2020. Metro Phoenix was ranked No. 1 out of the 15 top growth markets for largest projected job gains by global […]
Commercial Real Estate & Business News – January 9, 2024
2023 in Review: The Future is Arizona In 2023, Arizona continued to attract record investments as high-tech industries surged. In short: The future is Arizona. The year also saw major wins for workforce development, infrastructure improvements, startup collaborations, supply chain enhancements, rural business expansions and…» Apartment Supply to Thin Out Dramatically After This Year It […]
Commercial Real Estate & Business News – January 8, 2024
What To Watch in 2024: Industrial Vacancy Rates Could Hinge on the Pace of Construction Many U.S. industrial properties began 2023 in a well-leased position and remained that way throughout the year. Even property owners with leases that were expiring were, in most cases, able to renew those leases, often at rents that were more […]
Commercial Real Estate & Business News – January 5, 2024
Controversial Development Near Steele Indian School Park Gets Phoenix City Council Approval A plan to develop a long-vacant lot adjacent to Steele Indian School Park was unanimously approved by the Phoenix City Council on Wednesday, despite some opposition from neighbors who claimed a previous version of the project was preferable. The development, called…» A 120-Year […]
Commercial Real Estate & Business News – January 4, 2024
Phoenix Industrial Market Delivers a Record Volume of New Deliveries in 2023 The Phoenix industrial market delivered a record volume of new deliveries in 2023, according to an analysis from Kidder Mathews. NEW DELIVERIES skyrocketed to a record level 29.8M SF in 2023. RENTAL RATES climbed to a new high of $1.06 PSF NNN. SALES […]
Commercial Real Estate & Business News – January 3, 2024
Top CRE Predictions for 2024 Last year took many twists and turns, some of which were forecast and many of which were not. Hopefully we are on a more predictable path this year as many of 2024’s expected themes have their seeds in 2023. Following are my top predictions for 2024. 1. The booming industrial…» […]