Commercial Real Estate & Business News – December 30, 2021

It’s no secret metro Phoenix is ground zero for the unique build-to-rent market that is taking the country by storm as more developers are entering the Phoenix market to get a piece of the action. This unique hybrid model made popular by Phoenix-based NexMetro Communities and Mesa-based…»
The pairing of outsize aggregate demand, especially for physical goods as opposed to services, with COVID-related shortages and constraints in the global supply chain has driven rapid price inflation for U.S. consumers. While that has caused a good deal of consternation, it is helpful to…»
A piece of the East Valley’s most famous farm is being set aside for homes. The Empire Group of Companies of Scottsdale announced last week that it is developing 13 acres of Schnepf Farm in Queen Creek for a gated community of 144 rental homes that will be ready for leasing by late…»
Experts are doing more than wishing the commercial real estate industry a prosperous New Year—they are promising it. In a recent 2022 outlook webinar from Green Street, Michael Knott estimated that commercial real estate values and yields would increase next year. Values are expected to…»
When 2021 began, U.S. rent prices were in a slump. Many young renters had moved back in with parents and others were uprooting to more affordable homes to work remotely. In some of the most expensive rental markets and neighborhoods, these shifts led to softening rents and even…»