Commercial Real Estate & Business News – June 21, 2021

Multifamily and single-family rentals should remain the fastest growing segment of the US housing market says DBRS Morningstar in a new report. “Single-family rental is experiencing unprecedented demand, and we do not expect it to abate anytime soon…»
Apartment rents are soaring again as the pandemic wanes and workers return to cities. The U.S. median rent hit the highest level in two years in May, increasing by 7.5% over the last two years, according to a report by Monthly rents rose…»
Arizona had been experiencing major economic growth before the Covid-19 pandemic, and the changes sparked by the pandemic may have only accelerated that trend, according to an out-of-state site selector. “Phoenix, and Arizona in general…»
Access to capital for CRE properties remains surprisingly elusive, but we expect it to return to pre-pandemic levels soon in most sectors. Many property types have held up despite apocalyptic forecasts, while the balance sheets for top lenders have…»
Apartments in metro Phoenix continue to sell like hot cakes, as out-of-state investors are looking for a piece of the market that is seeing rental rate and occupancy increases amid job and population growth. For example, San Diego-based Sunroad Enterprises…»