Commercial Real Estate & Business News – June 29, 2023
9 Best Places to Live in Arizona, According to Local Real Estate Experts With national parks, rich history, and a unique blend of cultures, Arizona draws many vacationers. However, it is also one of the fastest-growing states in the country, where 13 percent of the population was born abroad. So what makes the state so […]
Commercial Real Estate & Business News – June 28, 2023
Phoenix Retail Rents Soar As Vacancy Hits All-Time Low Historically tight market conditions driven by robust population growth and healthy consumer spending have sent rents surging in the Phoenix retail market. Annual rent growth surpassed 9% in the second quarter of 2023, one of the best performances in the country and triple the market’s…» Nearly […]
Commercial Real Estate & Business News – June 27, 2023
This Florida City Leads Nation in Retail Rent Growth As Ohio Surprises Boosted by the significant uptick in consumption resulting from strong population and employment growth, many major markets in the Sun Belt continue to see retail rents accelerating at a rapid pace, in many instances by more than twice the…» High Hopes Abound for […]
Commercial Real Estate & Business News – June 26, 2023
ADOT Approves 5-year Construction Plan that Includes Multiple Arizona Highway ExpansionsThe Freddie The Arizona State Transportation Board approved a five-year modernization and preservation plan that includes funding to expand multiple highways in the state. The 2024-2028 Five-Year Construction Program includes more than $9 billion in transportation…» Here is Where the Job Gains Are Concentrated Employment gains in […]
Commercial Real Estate & Business News – June 16, 2023
Fed Pauses Interest Rate Hikes, Signals Two more Increases Likely in 2023 to Fight Inflation After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation. That’s more projected hikes […]
Commercial Real Estate & Business News – June 15, 2023
Google Shows Plans for $1B Mesa Data Center The city of Mesa approved zoning on the data center campus in 2019. It’s taken this long for the company to start coming forward with building design plans. The project — called “Redhawk” — is planned on more than 185 acres near the northwest corner of Sossaman…» […]