Commercial Real Estate & Business News – July 20, 2022

How The West Valley is Building the Workforce Needed to Fuel Growth

Arizona, like many other states in the U.S., is facing a labor shortage across many industries. The struggle to meet today’s workforce demand has near term implications such as longer wait times in the service sector, reduced capacity for…»

What the Latest Inflation Numbers Mean for CRE Investors


Last week’s inflation numbers, which clocked in at 9.1%, will “certainly” impact interest rates which potentially increases recession risk—and it could also affect the flow of capital to different property types in different parts of the US…»

North Scottsdale’s Portico 87% Reserved in Initial Release

Belgravia Group, Chicago’s award-winning real estate developer with more than 70 years of luxury developments constructed under its brand, has received Scottsdale Development Review Board (DRB) approval for its first-ever…»

Office Sublease Space on the Market in Phoenix Metro Hits All-Time High

Office space up for sublease in the Phoenix metro is at an all-time high, as users seek quality over quantity more than two years after the Covid-19 pandemic started, brokers say. Phoenix has more than 5 million square feet of…»

Phoenix’s Build-to-Rent Market is Booming, With 10K Units Under Construction

The burgeoning build-to-rent sector has about 9,500 units under construction in metro Phoenix, adding to existing inventory of about 8,700 units, according to a report released by Northmarq…»