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Commercial Real Estate & Business News – October 15, 2021

Asking rents rose by 11.4% year over year at the national level in September, while the national average rent rose to an all-time high of $1,558, up $16 from August and 11.1% this year to date through three quarters. While this…»
Industrial ended the third quarter on a record tear, with demand outpacing supply for the third straight quarter and absorption shattering prior records. A new report from Cushman & Wakefield shows that the market absorbed…»
Costco Wholesale maintained double-digit U.S. comparable-sales growth excluding fuel in September, with net sales in line with sequential and year-over-year gains.For the five weeks ended Oct. 3, net sales climbed…»
While single-family homebuilding permits in metro Phoenix have been down this summer, they’re still a whopping 27% higher than this time last year.Valley municipalities issued 22,535 homebuilding permits between January and…»
Buying a second home may seem like a pipe dream, something reserved for only the most well-off. But in reality, that’s far from the truth. Buying a second home is more doable than you might think for homeowners of all…»