Commercial Real Estate & Business News – January 2, 2018

Renters including both apartment and single-family home tenants shelled out a record $485.6 billion in 2017, Zillow said Thursday. That represents an increase of $4.9 billion, or slightly more than 1%, from 2016. “Renters spent more than ever on rent this year, but the amount they spent grew at the slowest pace in recent years as more renters transitioned into homeownership and new rental supply slowed rent growth across the country,”…»

The year 2017 gave us record stock prices (including a Dow Jones Industrial Average approaching 25,000), lots of Twitter (NYSE: TWTR) storms from President Donald Trump and’s (Nasdaq: AMZN) search for a second headquarters. So what will 2018 have in store for the economy and real estate in Arizona and nationally?…»

Americans decided to do some spending this year for the holidays, giving retailers-some of whom are a bit glum about 2017-their best holiday season sales since 2011, for an increase overall of 4.9 percent compared with 2016. That’s according to a report released just after Christmas by Mastercard SpendingPulse.…»

Turmoil and controversy may have dominated national and international headlines in 2017, but for Phoenix, it was another year of steady, positive change. A stronger economy, a more sustainable city, and the pursuit of real opportunity for everyone. Let’s look back at the results that shaped the last year and read the full year in review on Medium.…»

Food is universal. Everybody eats. But to Matthew Moore and Aric Mei, something vital to the human experience is being lost in America’s urban centers. “There deserves to be a place in the middle of a very large, dense, urban sprawl where you can take family, take friends, take yourself to go see, taste and experience agriculture,” …»