Commercial Real Estate & Business News – August 29, 2024

Local leaders of small and midsize businesses are increasingly confident in the U.S. economy and their prospects for growth. Despite ongoing concerns about inflation and interest rates, more decision-makers are looking to fund new growth initiatives, ranging from investments…»

More office-using companies are shifting their portfolio strategy to expansion after a heavy focus on contraction since the pandemic, CBRE said Friday based on a survey of 225 companies with offices in the U.S., Canada and Latin America. The firm’s 2024 Occupier Sentiment Survey found the percentage of office-using…»

People in CRE — and in businesses and governments and neighborhoods as well — have wondered when enough would be enough for the disaster of the overall office market. CBRE said that the office sector may be beginning to stabilize, although the start reaching true bottom…»

Chandler is running out of undeveloped land. As the city begins work on updating its General Plan, it needs to think differently about its future growth. “We’re going to have to reimagine our employment corridors,” said Micah Miranda, the city’s economic development director. “In my mind,…»

Mortgage rates have been high over the last few years, but it appears that may be changing. With inflation cooling, mortgage rates finally dropped in August to 6.47%, the lowest rate across the prior 15 months. Federal Reserve Chair Jerome Powell also suggested last week that the…»