Commercial Real Estate & Business News – January 2, 2024
9 Renters Competed for each Vacant Phoenix Apartment in 2023 As the year draws to a close, what were the most competitive rental markets of 2023? RentCafe.com’s 2023 Year-End Report analyzed 139 rental markets in the U.S. and ranked them based on five key metrics for rental competitiveness. The analysis found that Phoenix is the […]
Commercial Real Estate & Business News – December 22, 2023
DMB Associates Seeks to Amend One Scottsdale Project to Add Residential Units Seeing a change in market dynamics and looking to capitalize on a “lifestyle” component to its project, DMB Associates Inc. wants approval for a key amendment at its $1 billion mixed-use development across 120 acres in north Scottsdale. Earlier this month, DMB filed […]
Commercial Real Estate & Business News – December 21, 2023
What the Soft Landing Could Look Like for CRE Next Year A soft landing has been “baked in” for next year (but it is not guaranteed) and the pace of growth for commercial real estate will be slower in 2024 than it was in 2023, according to a new industry forecast video by Marcus & […]
Commercial Real Estate & Business News – December 20, 2023
Here are the Challenges Facing the Multifamily Market Heading into 2024 After two years of stellar growth, rents decelerated in 2023, despite demand still at strong levels thanks to a resilient economy. The 2024 Multifamily Outlook from Yardi® Matrix anticipates a year of challenges, including slowing national rent growth. National rent growth…» Here’s How the […]
Commercial Real Estate & Business News – December 19, 2023
Metro Phoenix Posts Historic Level of Industrial Completions The Greater Phoenix industrial market posted its historically highest level of new industrial space completions during third quarter, adding 12 million square feet to the city’s inventory. This drove a rise in net absorption and also elevated the vacancy rate, according to a report released by Colliers…» Pandemic’s Record […]
Commercial Real Estate & Business News – December 18, 2023
Some Optimistic Capital Market Predictions for 2024 It was a year ago that many in the industry were predicting improved conditions in 2023, with price discovery, more transactions, and all-around better markets. The optimism didn’t last long, with continued interest rake hikes, bank failures, skittish lending, plunging transaction counts, and falling…» 2024 Retail Predictions: 5 […]