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Commercial Real Estate & Business News – August 6, 2021

The industrial sector is going strong according to the latest CommercialEdge National Industrial report. There were $23.3 billion in industrial sales recorded in the first two quarters of 2021. CommercialEdge believes this has put the year on track to meet or exceed the $45.0 billion in…»
A highly skilled workforce and business-friendly environment have helped the Greater Phoenix Area become a prime choice for investors. With many big names leaving California, some are choosing the metro to relocate their headquarters or open new offices…»
Arizona led the nation for small business employment growth for the month of July, according to new data from Paychex and IHS Markit.
Nationally, job growth was up across all industries, but Arizona outpaced the nation for small business employment growth…»
Multifamily asking rents jumped another 8.3 percent in July, bringing the year-to-date increase to a record-shattering 8 percent.Overall, national average rents grew $26 in July to $1,510, reports Yardi® Matrix.The back-to-back record months reflect a faster than expected recovery for the…»
Camden Property Trust saw its revenue jump in the second quarter as it rode the rising tide of apartment rental demand washing into the Sun Belt. Camden Property’s second-quarter earnings show that apartment owners in warm weather portions of the United States are benefiting from a…»