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Commercial Real Estate & Business News March 11, 2019

Phoenix Has Plenty of Room for Big-Box Gyms
While there is momentum behind smaller-format fitness concepts, it is still a good time to operate a big-box gym in Phoenix. Businesses such as OrangeTheory and Jabz Boxing are popular because they offer specific experiences and create a sense of community, but the fitness market consumer base is so large, there is still a demand for…»
The Cost to Build Just Keeps Rising
Housing affordability is an issue of growing importance for the multifamily industry. Twenty million renter households-49% of all renter households-are rent burdened, meaning they spend more than 30% of their incomes on rent. And of those, nearly half (9.5 million) spend more than half their paychecks on rent, according to the…»
2018 Q4 Commercial Real Estate Market Survey
The REALTORS® Commercial Real Estate Market Trends measures quarterly activity in the commercial real estate markets, as reported in a national survey. The survey collects data from REALTORS® engaged in commercial real estate transactions. The survey is designed to provide an overview of market performance, sales and leasing…»
Phoenix’s Growing Life Science District Sets Its Eyes on National Prominence
Phoenix officials say an almost two-decade effort to promote bioscience research is helping to catapult the city into a leading position among cities across the United States for life science and health care development. While the city has work to do to catch up with the nation’s leading bioscience hubs of Boston, San Francisco and San Diego,…»
Pending Home Sales Increased Strongly Month on Month in the US in January
Pending home sales in the United States rebounded strongly in January, including a large surge in the South, according to the latest index from real estate agents. All four major regions saw growth last month and overall sales were up 4.6% compared with December, the data from the National Association of Realtors shows. But year on…»