Commercial Real Estate & Business News 6-5-2025

In the first quarter of the year, construction activity remained low due to ongoing oversupply, while rents increased in 29 of the 30 major markets we analyzed. The industrial real estate sector remains stable, though upcoming policy changes in global logistics and manufacturing could introduce new challenges. And according to an analysis, Phoenix was the No. 1 industrial market in first quarter of 2025. In an effort to capture the current trajectory of…»

More office space is planned to be demolished or converted than built this year across the country, as the market adapts to changing work habits and preferences among office users during the post-pandemic return to work. About 23.3 million square feet of office space is set to be demolished or converted this year nationally, while about 12.7 million square feet is expected to be constructed, according to a new report from CBRE research, including…»

Major office landlords, after a cautious start to the year, are now shedding some of their wariness as leasing momentum across the country heads back to pre-pandemic levels. Some of the nation’s largest owners, such as Piedmont Office Realty Trust and Highwoods Properties, are reporting an amount of leasing not seen since COVID-19 sent workers home and upended demand for the office sector. Data backs this up. A CoStar analysis shows new leasing volume…»

For some multifamily developers, raising rents has been difficult due to the influx of supply that has entered to keep up with the demand. But in many markets, including Phoenix, construction has been starting to slow. In fact, according to a first-quarter report from Northmarq, deliveries in Arizona’s capital started to peak in the fourth quarter, as 3,288 units hit the market by the end of March. With net absorption at 3,750 units, that marked the first time…»

Dollar General Corp. got off to a strong start in fiscal year 2025 and is raising its guidance for the full year as it plans to mitigate any potential tariff impact. On the earnings call, CEO Todd Vasos said that while Dollar General has relatively low exposure, it is “working diligently” to mitigate the impact of current tariffs on its business as much as possible using many of the same tactics that it used successfully in 2018 and 2019. These actions include…»