Commercial Real Estate & Business News – February 10, 2022

Last summer, many expected that previously displaced workers would jump right back into work when enhanced and extended unemployment benefits expired. But for a handful of reasons, including fear of COVID exposure and large cushions of…»

How the Federal Reserve responds to inflation could create headwinds for the commercial real estate market, particularly as the Fed walks back earlier efforts to keep the pandemic-era economy in motion. “Inflation is not the enemy of commercial real estate,” says…»

Tokyo-based Nippon Steel Kowa Real Estate, a subsidiary of Nippon Steel, is shopping for multifamily real estate in the Phoenix area, according to an announcement by its joint venture partner, a subsidiary of Denver-based Continental Realty Group. The partners…»

While single-family home values are enjoying dizzying highs, experts aren’t predicting a massive correction in the style of the Great Financial Crisis. Single-family home prices are up 18% year-over-year as of November 2021, but prices are “nowhere near” the “extreme mispricing” of 2005, according to…»

Greater Phoenix posted its first quarterly decrease in office vacancy since the pandemic hit in 2020, according to a report released by Colliers in Arizona. Additional office market conditions include steady rental rates and impressive investment sales. Population growth and economic expansion…»