Commercial Real Estate & Business News – June 21, 2024

Why Experts Say Phoenix Industrial Market Shows Promising Outlook

Thompson Thrift a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising…»

Laveen Luxury Apartment Community Opens; Plus 6 More Valley Deals To Know

Developer P.B. Bell has opened Weylyn Luxury Apartments at 9100 S. 59th Ave. in Laveen.With units ranging between 792 and 1,334 square feet, monthly rental rates start at $1,595.Developed and managed by Scottsdale-based P.B. Bell, the new community was designed to fit the agricultural style of the area...»

What Does Rent Cost In Metro Phoenix? See How Prices in These 6 Cities Compare

The median price for a rental in the United States is $1,995 a month, a new study shows. A rental in metro Phoenix will likely run you a bit more than that though. With the Valley’s rapid growth, it can be difficult to find a rental for a reasonable price in the area you want to live. However, two Arizona cities were…»

New Home Listings Up; Homes Selling Faster; Prices Keep Rising

The number of new home listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS®. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year when compared to…»

Mesa and Tempe to Decide on Streetcar Extension in Early 2025

The Mesa and Tempe city councils are expected to decide by early next year whether to move ahead with streetcar expansion, Valley Metro told Axios. Why it matters: Rail — though expensive and often controversial — can move more people quicker and with less environmental impact than private vehicles…»