Commercial Real Estate & Business News – August 11, 2022

Average apartment rent increased by $10 last month, their lowest rate since January, according to the latest Yardi® Matrix Multifamily Report. The average rent in the U.S. was a record $1,717 in July.Year-over-year growth decelerated by…»

U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a…»

With inflation running at multi-decade highs and markets decidedly risk-off against the backdrop of rising interest rates, recession is top of mind. As growth begins to slow alongside persistent inflation, many fear a prolonged economic downturn and stagflation…»

Phoenix’s retail centers are in high demand from investors and are going at near-record prices.During the first week of August, two separate shopping centers in the Valley sold at some of the highest prices shopping centers have gone for this year…»

On the tails of announcing its closing on a 40-acre parcel near the Taiwan Semiconductor Manufacturing Company (TSMC), Empire Group purchases a second parcel less than a mile up the road. Securing approximately 37-acres for $9.08 million located…»