Commercial Real Estate & Business News October 17, 2018

The U.S. is putting more distance between itself and the rest of the world in terms of growth expectations from professional investors. The news keeps getting worse for global economic prospects, with respondents to the Bank of America Merrill Lynch Fund Manager Survey for October now holding their dimmest view for the future since the financial crisis.…»
Maricopa County saw more people move to the area than any other county in the U.S. during the past five years. The county saw 221,000 immigrants between 2012 and 2017, according to a new report from RentCafe. That volume was by far the highest in the country, the report shows. Nearly 150,000 people separated Maricopa County from the 10th-highest site of immigration…»
The Phoenix industrial real estate market remained steadfast and unwavering during the third quarter, producing strong activity yet again and reflecting the consistent demand this industrial market has shown cycle after cycle, according to Kidder Mathews’ latest market report for the Phoenix commercial real estate industrial market.…»
Strong job growth in Phoenix will fuel more office demand in an already active office market. According to a new office report from Colliers International, office vacancy rates fell another 170 basis points to 14.2% with 574,000 square feet of office absorption in the last three months. Already this year, the office market has recorded 2.4 million square feet in office leasing activity…»
It’s not exactly the opening of the Panama Canal or the Golden Gate Bridge, but a small, significant transportation milestone is coming to Mesa this week. Depending on how far work crews get this weekend after last week’s rain, the nation’s first four-way roundabout across light rail tracks will open up on Main Street at Horne either tomorrow, Oct. 15, or Tuesday, Oct. 16.…»