Commercial Real Estate & Business News – February 15, 2017

Industry executives are feeling positive about market conditions as they take a “wait-and-see” approach to new administration policies, according to The Real Estate Roundtable’s first-quarter 2017 economic sentiment survey…»

According to Green Street Advisors’ Commercial Property Price Index, the US property market’s asset values are currently 27% above their last peak. Apartment values have slowed over the past several years, and have only risen 1% in the same span of time. This has already contributed to flattened cap rates. Managing director Dave Bragg predicts that transaction activity may slow further over the next twelve months…»


Since the election, “uncertainty” has been a buzzword among economists. The direction of U.S. policy is not clear on major issues ranging from immigration to tax reform. But the fundamentals of the apartment sector are relatively strong despite it all…»

Driven by improving economic fundamentals and steady job growth, demand from office users can be seen in the significant amount of net absorption reported in 2016. Additionally, healthy demand coupled with a limited amount of completed construction, vacancy rates declined and rents increased across the Valley…»

For the first time, Phoenix was ranked the best large market for a quick-service restaurant on QSR Magazine’s ” 2017 Growth 40.” It beat out Washington, D.C., Atlanta, Houston, Boston and L.A., among others, as the best place for a fast food or fast-casual spot such as a Wendy’s (NYSE: WEN) or Subway…»