Commercial Real Estate & Business News – May 27, 2021

We all know the United States is a big country, but did you know that the total population is over 300 million people? If you counted up all the U.S. residents living within our borders and overseas, the actual 2020 census-tallied total is 331,108,434. But what are the fastest growing states in…»
Affordability and abundant employment opportunities drove people to the Sun Belt at a slower pace while they still moved away from gateway markets last year, according to the latest net migration data from the U.S. Census Bureau. While the movement of people away from expensive cities to more…»
Multifamily rents rose by 1.6% year over year in April, according to Yardi Matrix’s latest Multifamily National Report—the largest YOY rent growth the market has seen since the start of the COVID-19 pandemic. On a month-to-month basis, overall rents rose by $10 to $1,417 in April, marking…»
GTIS Partners LP (“GTIS”), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, today announced a joint venture with Baker Development Corporation, a privately owned real estate development company…»
Data centers in the Greater Phoenix area saw absorption rates up 38% compared with 2019, with supply struggling to keep up with demand. This surge is due in part to technology’s centrality in modern life that was exacerbated by COVID-19. “With the growth of the internet, practically everything…»