Commercial Real Estate & Business News – June 9, 2023

In May, the US retail trade sector added 11,600 jobs in May, up from the 10,000 added in April, when adjusted for seasonal changes. However, the US Department of Labour Statistics considers this increase as “little changed over the month” due to the modest…»

Multifamily performance remains steady despite the looming threat of a slowing economy. U.S. asking rents saw a $7 increase in May to $1,716, while year-over-year growth decelerated to 2.6% nationally, 70 basis points less than April and the lowest level since…»

On June 1, 2023, the Arizona Department of Water Resources (“ADWR”) released a new groundwater model for the Phoenix Active Management Area (“AMA”) through ADWR’s Assured Water Supply (“AWS”) program. The model covers the Hassayampa and East and…»

As more companies upgrade their technology, data center space has become limited across the country and has helped push Phoenix to the top tier of metro areas for new data center development in recent years. The second half of 2022 saw about 124 megawatts of…»

Arizona Boardwalk at Talking Stick announced last week that it has leased an additional 48 acres of land for future expansion. The land, located in the Salt River Pima Indian Community, was leased for an undisclosed amount from landowner allottees, according to…»