Commercial Real Estate & Business News – December 31, 2021

The West Valley is one of the fastest-growing areas in Arizona, seeing 24% growth in residents compared to Maricopa County’s also significant 16%. In addition to more restaurants, shopping and West Valley real estate and housing options, many businesses are now looking at the West Valley…»

The country’s top-tier cities have lost some of their pre-pandemic luster as many grapple with higher office vacancy rates and softer leasing in the global health crisis. San Francisco, New York, Boston and Los Angeles are among the cities facing steep challenges in regaining leasing momentum…»

The Phoenix metro topped the nation for growth in life sciences employment between 2019 and 2020, according to a new CBRE Group Inc. study, and that employment growth has fueled a need for specialized real estate space that can accommodate lab and research uses.Metro Phoenix’s life…»

Amazon, already Arizona’s third-largest private-sector employer, announced plans Tuesday to create another 550 jobs over the next few years at its expanding metro Phoenix technology center in Tempe. More than 400 of the jobs are currently available at the center. Applicants can apply at…»

The single-family rental market undeniably has the potential to be a major asset class in commercial real estate. While in its infancy, investors have already shown fervency for the sector with an estimated $50 billion allocated for the SFR market. However, the pool of quality opportunities is…»