Commercial Real Estate & Business News – April 14, 2021

The median home price of the average single-family home in Arizona has been increasing drastically over the past several years. Since 2015, the Arizona housing market has seen the median closing sale price increase from $211,000 to an astonishing $350,000. While many native Arizonans angrily profess to…»

The COVID-19 pandemic has accelerated e-commerce trends that have fueled demand for warehouse and distribution space in the Phoenix market. Amazon has been aggressively expanding in Phoenix the past year, signing 11 leases last year alone that range from smaller last-mile fulfillment centers to…»

Grocery stores may have arguably been the most essential of all the essential businesses during the pandemic, and even though this past year put a lot of strain on their workers, it paid off with a significant increase in sales. The Phoenix-area grocery sector (including supermarkets, mass merchandisers and…»

Phoenix’s industrial leasing volume reached an all-time high in the first quarter, and developers are trying to keep pace. E-commerce, distribution and logistics and food and beverage manufacturers are committing to space in Phoenix and contributed to more than 6 million square feet of new leases. Despite…»

Are you moving to Arizona this year? Join the club. But where are the best places to move in Arizona in 2021? The Grand Canyon State is booming now more than ever. As both young professionals and families decide to relocate to the Sonoran desert, many are wondering: Where are the best places to…»