Commercial Real Estate & Business News – December 22, 2020

Phoenix Among List of Top 10 Projected Housing Markets in 2021
PHOENIX — Phoenix was projected to have the sixth-best housing market in 2021 with an influx of retirees and millennials flocking to the dry desert heat of Arizona’s capital. According to, the state’s cost of living and vast selection of golf courses are two…»
Phoenix Among Most Popular U.S. Cities for Office Adaptive Reuse
Adaptive reuse — converting buildings that were once used for one purpose into other uses — has been a popular investment for decades. And, as the American economy shifted from manufacturing to services, the need for more office space exploded. Add in the emergent…»
Opus Breaks Ground on Speculative Industrial Development in Goodyear
The Opus Group has broke ground on Goodyear Airport 85, a 275,000-square-foot industrial building being developed on a speculative basis in the greater Phoenix area. Goodyear Airport 85 is set to suite a variety of user needs with a 36-foot clear height…»
6 Rental Market Trends to Expect in 2021
No one could have predicted the rental market trends in 2020. The market faced many hurdles as the impact of the coronavirus pandemic led many people to move, including a large percentage that bought their first homes and others who moved in with friends…»
Homebuilder Confidence Drops After Record High
After three straight months of record highs, homebuilder confidence dipped in December. The National Association of Homebuilders / Wells Fargo Housing Market Index looks at three areas: perceptions of current single family homes sales, expectations…»