Commercial Real Estate & Business News – October 18, 2016

Office occupancy and absorption rates both remained high in the third quarter, as job growth continued to improve and companies took more risks on new leases, according to experts…»

Rental property owners in Phoenix will find a city where the population has grown by about 7.77 percent from 2010 to 2015. The median home value in Phoenix increased by a solid 10.1 percent. Also key for increasing the number of renters: Employment growth in the city is a solid 3.6 percent…»

Residential rents across the United States are forecasted to rise 1.7% over the next year, the same rate of appreciation as the past 12 months, according to the latest real estate analysis report…»

New housing and workplace offerings are in the works as part of the ongoing renovation of Metrocenter Mall in Phoenix. The Walmart Supercenter at Metrocenter Mall is under construction, on its way to a summer 2017 completion, and Carlyle Development Group is already moving forward on the next phase of reinventing Metrocenter Mall…»
The Phoenix area’s apartment boom has been very good for Mark-Taylor Inc., the multifamily housing developer/operator that has been No. 1 on the Phoenix Business Journal’s Commercial Real Estate Developers list since 2012…»