Commercial Real Estate & Business News – February 6, 2023

An Arizona business leader believes the state could bring in up to $1 billion due to the Super Bowl, a figure that would be triple the intake of the last time the game was hosted in Glendale. Danny Seiden, president and CEO of the Arizona Chamber of Commerce, projects the State…»

The first phase will comprise about 400,000 square feet of speculative light industrial space in five buildings across 26 acres. It’s expected to be completed by the Q1 2024 with build-to-suit and for-sale options for phase two available immediately. These buildings will feature front-park and…»

The American household is changing as homeownership is not a priority for everyone, especially not for Millennials and Gen Zs. With 43 million families living in apartments, the highest level in half a century, renting is popular even among high-earners who are able to buy but prefer to…»

The industrial and office sectors had very different stories in the fourth quarter of 2022 as well as throughout the year, according to two new reports from CBRE. Industrial real estate’s performance in Q4 was a continuation of its 2022 track record, while office demand…»

As hospitals continue to grapple with treating more serious illnesses that may have gone overlooked during the pandemic, demand for ambulatory and outpatient services is rising — with big implications for commercial real estate. Outpatient volumes are predicted to grow by…»