Commercial Real Estate & Business News – September 14, 2021

Apartment retention rates are soaring back to lockdown-era highs, as more renters are determining that staying in place is often the best and most affordable option – given a remarkable lack of alternatives for all types of housing and for all price points.The share of renters choosing to renew expiring leases in…»
The COVID-19 pandemic may have thrown a wrench into many industries, but the Arizona real estate industry does not seem to be one of them. Many Arizona real estate companies are experiencing a banner year in 2021, and many are optimistic that it will continue as we travel into 2022. Here are…»
Earlier this year, as vaccinations became widely available, hopes abounded for a quick recovery from the economic ruin visited upon us by the coronavirus pandemic and the efforts to contain it. It has now been 18 months since COVID-19 was declared a national emergency in the U.S. And unfortunately, cases are…»
The Phoenix area is the third fastest-growing large U.S. metro with a below average cost of living, according to a new report by Roofstock Inc.The cost of living in metro Phoenix is 1.3% below the national average, the report says. Between 2017 and 2020, the population in Phoenix increased by 6.3% — at a time when the…»
One shift expected from the pandemic was the movement of millennials away from apartments and toward single-family housing. Recent data and analysis show, however, that this trend may be petering out, according to a new report from Moody’s Analytics. Instead, multifamily fundamentals look bright for…»