Commercial Real Estate & Business News – April 8, 2021

Rents are on the rise across the country, and that’s a positive indicator for the industry and the economy at large, reports Yardi Matrix. Multifamily rents increased by 0.6% on a year-over-year basis in March, with the national average rising by $6 to $1,407. “Nationally,…»

Fry’s Food Stores, the Valley’s largest grocery chain, is expanding its footprint yet again, opening a new store in Buckeye this spring. The 109,690 square-foot, full-service grocery store, is set to open on May 5 at 19600 W. Indian School Road, the company announced…»

In his closely watched annual shareholder letter, financial giant JPMorgan Chase Chairman and CEO Jamie Dimon said the coronavirus-driven remote working trend will “carry forward” and change how the bank manages real estate. “The COVID-19 pandemic…»

Investors are flocking to secondary and tertiary markets, playing on a trend that’s been picking up steam for the last several decades and lurched into high gear as the pandemic drove activity away from dense urban cores. A new investor outlook from Marcus &…»

The latest report from CBRE has named Phoenix as the top growth market in the U.S. when it comes to big-box leasing activity, with a 2020 inventory absorption of 9.1 percent. Transaction activity has hit a record high, with the metro being named a top 10 market,…»