Commercial Real Estate & Business News – July 26, 2023

Apartment demand is rising across U.S. several markets through the first half of 2023, an encouraging turn after demand underperformed last year. Dallas-Fort Worth, Houston, Phoenix, Atlanta and Austin, Texas, all report rebounding demand. While Dallas-Fort Worth and Houston led the…»

Stubborn vacancies in the office sublease sector and murky outlooks on interest rates and back to work trends have challenged the metro Phoenix office market, but positive momentum during the second quarter could influence that trend, raising hopes for an end to seven straight…»

Despite a recent uptick in asking rental rates, your dollar goes further to lease an office in Phoenix than it does in other major metro markets. A recent analysis by CommercialEdge, which is part of Santa Barbara, California-based real estate software company Yardi Systems Inc., found Phoenix to…»

Four major investment firms have taken steps this month to set up nontraded real estate investment trusts so they can swoop in when property values finally adjust to a new economic reality of significantly reduced prices. The filings with the Securities and Exchange Commission…»

​Industrial vacancies could increase in the Valley as a large portion of buildings that saw construction delays earlier this year could deliver by early 2024 amid strong demand from tenants. In the second quarter of this year, major brokerage firms estimated that the Phoenix metro had…»