Commercial Real Estate & Business News – May 12, 2021

The Sun Belt once again benefited from strong population growth trends in 2020, the latest U.S. Census Bureau estimates show. The state-level census figures from earlier this year gave a glimpse at what to expect on the metropolitan area level, with large Sun Belt states such as…»

The Greater Phoenix medical office market posted 6.2 percent rental rate increases over the past 12 months and investment sales were relatively strong in first quarter, despite recording a three-month period of negative net absorption. These statistics are part of the quarterly…»

It may never rival Silicon Valley, but Mesa is fast becoming Data Center Alley. Several global companies are at various stages of plans to start crunching and storing data in southeast Mesa. Most people have heard of Google and Apple – RagingWire, not so much. And many around Mesa…»

With many offices still working remotely, Arizona State University offering virtual class options and a limited number of fans allowed to attend Suns and Diamondbacks games, thousands of people haven’t been to downtown Phoenix in more than a year. But when they finally…»

Marwest Enterprises, LLC, owner and developer, broke ground on Elliot 202, a new, 1,080,240-square-foot speculative industrial development along the 202 Freeway in Southeast Mesa. The planned industrial buildings are located on the freeway-fronting northeast corner of S. Hawes…»