Commercial Real Estate & Business News – January 18, 2018

Retail industry sales are expected to remain on the upswing for the next several years and so are store openings. A new report by Zebra Technologies, conducted with IHL Group, projects that retail industry sales in North America and EMEA regions (Europe, the Middle East and Africa) will rise 3% annually through 2021, led by a shift to greater e-commerce/omnichannel sales volume…»

Over the next 12 months, investors and lenders will be evaluating rising interest rates, the rent growth slowdown and the rise of the industrial sector before deploying capital. While caution is still a buzzword in the industry, the lending environment this year should be relatively similar to that of 2017…»

Phoenix has a strong shot at landing a new Apple Inc. campus, according to a leading national site-selection expert. Apple Inc. (Nasdaq: AAPL) said Wednesday it plans to open a new, large campus in the U.S. as part of push to hire 20,000 new workers and infuse $350 billion into the American economy after tax cuts passed by President Donald Trump and Congress…»

The Phoenix data center market, which has a strong 2018 ahead, ended 2017 with a bang: a major wholesale data center agreement and a major development approved in December. H5 Data Centers, a national co-location and wholesale data center provider, inked a wholesale data center agreement with LeaseWeb USA Inc., a cloud-hosting brand. Under the deal, LeaseWeb will expand to H5 Data Centers’ Phoenix data center location at 2600 West Germann Road in Chandler…»


In 2017, the Phoenix industrial market achieved its largest annual net absorption gain in market history, reaching 9.8 million square feet by year end and marking the fourth consecutive year of annual net absorption totaling 6.0 million square feet or more – a feat not reached since 2004 – 2007…»