Commercial Real Estate & Business News – February 15, 2022

Apartment demand may be normalizing, but rents are nonetheless expected to continue to climb in 2022. New research from the National Association of Realtors notes that “even if net absorption is normalizing, absorption (demand) is still outpacing deliveries (supply) across…»
Using information provided by CRE data and listing platform CommercialEdge, we analyzed how industrial real estate has transformed in the last 10 years — between 2012 and 2021 — a period when e-commerce was becoming an increasingly important factor…»
Homebuyers are seeing subdivisions go up across metro Phoenix where they want to live. But they can’t buy in many of the new neighborhoods from Buckeye to Gilbert. They can only rent if they want to live in one of the houses. Metro Phoenix has long been a hotspot for homebuilding, and now…»
Mark Doerflein, co-founder of Phoenix-based MAK Homes, says he’s fed up with the city of Phoenix Planning and Development Department. After investing upward of $7 million in development costs, models are ready to open later this month at his new community in…»
Jerome Green, who has worked in the food industry for about 30 years, has co-owned and operated Aroma Mocha Coffee AZ in the West Valley since 2018. And like many businesses in and out of Arizona, Green has taken notice of the area’s growth. It’s why he wants to bring another coffee shop, as well as a second location of …»