Commercial Real Estate & Business News – May 14, 2021

The pandemic has transformed how people interact with physical space, so it will probably take more than plexiglass and temperature readers to redefine workplace design. That’s because the days of all employees being in the office from 9 a.m. to 5 p.m. are behind us, said Sandra Parét, CEO of STG Design…»

Phoenix has maintained its ranking as the top metropolitan area in the nation for net migration for a third consecutive year, according to the latest data from the U.S. Census Bureau. Multifamily landlords and homeowners welcomed the nearly 89,000 people who moved to the Phoenix market between July 2019 – July 2020…»

This year, Arizona is expected to add 116,900 new jobs, which will put the state ahead of where it was for total jobs before the Covid-19 pandemic, experts said at the annual economic forecast event held by the Economic Club of Phoenix, a unit of the W. P. Carey School of Business at Arizona State University…»

Real estate buyers rerouted their investments in the first quarter, focusing on smaller properties but sometimes paying more per square foot than they did before the pandemic hit, according to industry experts and CoStar data. For industrial, office and multifamily properties, investors are paying 7% to 9% more…»

The facility in Mesa will create up to 500 jobs and is aiming to produce 20,000 of the company’s flagship vehicles every year. ElectraMeccanica, known as being the creator of SOLO—the single-passenger, three-wheeled electric vehicle—has chosen Mesa, Ariz., as the home for its next assembly and engineering plant…»