Commercial Real Estate & Business News – October 28, 2024

When e-commerce and online ordering started gaining traction, some said this would mean the end of in-person shopping, putting brick-and-mortar stores at risk. And when the COVID-19 pandemic shut down the world, fears emerged that physical retail was doomed. None of that…»

Multifamily demand expanded at the highest rate since 2021 during the third quarter of this year, with 176,000 units absorbed in an indication of a strong net change in occupancy. While the second quarter historically has the highest demand for apartments, this year the third quarter…»

Tempe’s lakeside strikes a certain chord for corporate office users — and developers continue to make the investments needed to keep it that way. Even in the post-pandemic world, when most office market reports show that companies are shedding more space than they are…»

The median and average sale prices of Scottsdale homes that closed last month soared well past September 2023. The median price of the 268 homes that sold here last month was $1.14 million – 14.1% above the September 2023 median – according to Phoenix Realtors, Arizona’s…»

After the last few years, a challenge for commercial real estate is knowing when to start investing again. Have markets hit bottom? Still, sinking down? The Federal Reserve cut rates by 50 basis points in September. Will they come down further? There’s no guaranteed timing for investment…»