Commercial Real Estate & Business News – March 30, 2021

Phoenix was named the top growth market in North America for large-warehouse leasing activity in the industrial sector, with 9.1 percent of its inventory absorbed in 2020, according to a new report from CBRE. Transaction activity reached a record level for big-box warehouses…»
Phoenix is the sixth-ranked data center market in the country, based on the impressive leasing activity in the Southwest city last year. Research from CBRE, which ranked the top data centers in the nation, found that Phoenix absorption increased 38% last year while the…»
Just last week Intel announced a $20 billion investment to build two new semiconductor factories in Chandler and last year Taiwan Semiconductor Manufacturing Company announced plans to create a $12 billion facility in Phoenix. These international giants have garnered…»
Surf’s up Mesa! A 37-acre surf, shop, gym and multi-use development project is set to break ground on Tuesday, March 30 at 11 a.m. The surf oasis is being made possible by Cannon Beach Developers and is located at the cross streets of Power and Warner roads in…»
One of the biggest stories in the multifamily sector over the past year is the divergence in rent growth trends by region, neighborhood and bedroom type. Previously, CoStar analyzed the best and worst regions of the country for multifamily rent growth since the…»