Commercial Real Estate & Business News – April 10, 2025

LightBox, a leading provider of commercial real estate data and technology, said its CRE Activity Index rose sharply to 104.4 in March, marking the highest level since June 2022 and only the second triple-digit reading in nearly three years. The 4.7% month-over-month and 25.2% year-over-year gains point to growing…»

Despite economic uncertainty, multifamily performance has maintained its strength at the start of spring selling season. The average U.S. asking rent increased $5 to $1,755 in March and by 0.4% for the first quarter, according to the latest Yardi Matrix National Multifamily Report. Year-over-year asking rent growth fell…»

Phoenix’s industrial market continued to thrive in 2024, maintaining its status as the nation’s most active construction market since the end of 2023. The city’s development pipeline, although reduced from 42.5 million square feet to 22.4 million square feet at the end of December, still showcased a robust industrial…»

At the start of 2025, the Midwest emerged as the most competitive region for apartment-hunters with 10 metros in the top 20. In particular, Suburban Chicago (ranked second in the U.S.) has positioned itself as a close rival to the number one, Miami, which — despite Florida’s market cooling throughout the past year…»

A 35-acre mixed-use project is taking shape in Gilbert, likely anchored by a Safeway grocery store. Thompson Thrift’s latest project, called The Gilmore, intends to break ground on April 30, nearly a year-and-half after the final plat was approved by Gilbert City Council in 2023. The Gilmore’s 40.6 acres will include 213,656…»