Commercial Real Estate & Business News – April 1, 2021

The Phoenix multifamily market is officially among the top in the nation. According to a new report from Commercial Search, the city is ranked sixth in the nation for multifamily sales over the last decade. The market has closed $42 billion in apartment investment sales…»
Apartment rents continue to rebound across the country, according to the latest data from Apartment List. In March, Apartment List’s national index jumped by 1.1%, which was its largest monthly increase going back to the beginning of 2017. That doubled…»
A visit to Scottsdale’s entertainment district on Saturday night felt like a time machine trip to a recent but vastly different past, a time similar to February 2020.A walk through Shoeman Lane, Saddlebag Trail, Indian Plaza and Buckboard Trail, found scores of people…»
The Phoenix medical office market has been a bright spot through the pandemic. The market has been one of the most active and sought-after in the country, and the momentum hasn’t slowed in the last year. In one of the most recent transactions, Cushman…»
Housing prices across the Valley exploded last year even as the area lost tens of thousands of jobs due to the COVID-19 pandemic. That trend shows no sign of slowing, but there are a variety of neighborhoods across the Valley that offer prospective buyers diverse…»