Commercial Real Estate & Business News – May 28, 2020

Is The Housing Market Already Rebounding From COVID-19?
Cabin fever is a real thing. And you don’t have to live in a cabin to get it. With everyone chomping at the bit to get back to “normal,” I thought it would be useful to check in on the five metrics I previously identified as signals for the beginning of the economic recovery stage that I have been calling…»
Here’s How Fast Buckeye and Phoenix are Growing
The city of Buckeye got bumped from the top spot for population growth rate in 2019, but its 56.6% population increase since 2010 was still enough to make it the second-fastest growing city in the nation for the decade. New city and town population estimates released Thursday by the Census Bureau show…»
Department Stores That Survive in Arizona Will Have a Different Look as World Reopens
Department stores already faced a difficult business environment before the coronavirus pandemic in Arizona, but big anchor stores say they are ready to welcome back customers with enhanced emphasis on cleaning and social distancing. That is, they are welcoming back customers at the stores…»
White House Expects Opportunity Zones To Lead Covid-19 Recovery
The nation’s 8,700 Opportunity Zones, including 168 in Arizona, expect to play a significant role during a post-Coronavirus recovery in the coming months and continue the gains made prior to the economic storm that has enveloped the country this spring, White House officials said during a program…»
Retail Construction Drops to 20-Year Low
Retail construction sunk to a two-decade low in the first quarter of 2020, with just 400,000 square feet completed in 80 metro areas, according to a report from Moody’s Analytics Real Estate Information Services. The retail figures were down 70% from the fourth quarter of 2019 and represented the lowest numbers…»