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Commercial Real Estate & Business News – March 2, 2022

Rent prices continue to rise, as increasing housing costs have driven up rent prices all winter — a season in which home and rent prices are typically at their cheapest. As of Feb. 1, one-bedroom and two-bedroom median rents are up…»
The largest publicly traded commercial real estate services companies are charging into 2022, unified in their belief that the industry is on the cusp of shaking off lingering effects of the pandemic, even as executives cautiously monitor events…»
The Tempe City Council voted unanimously to authorize South Pier at Tempe Town Lake, a $1.8 billion mixed-use development project on Tempe Town Lake with South Pier Tempe Holdings. South Pier at Tempe Town Lake will be a mixed-use…»
Driven by unprecedented demand for single-tenant assets, 2021 marked a record for net lease transaction volume, which totaled $79.3 billion and was up 39 percent over 2019 levels. Senior managing director Alex Sharrin, based in…»
Metro Phoenix’s median home price is on track to hit $460,000 in April, double what it was five years ago. That jaw-dropping forecast based on pending sales is one more blow to homebuyers grappling to afford a house. Many would-be buyers in the…»