Commercial Real Estate & Business News – September 19, 2017

Economic growth is set to reduce the commercial real estate vacancy rate to 11.9% over the coming year, the National Association of Realtors forecasts. The 1.1% overall decline is matched by the industrial sector, taking its vacancy rate to 7.8%; while retail will decline 0.4% to 11.4%. Vacancies will also tighten in the multifamily sector, from 6.6% to 6.1% over the year…»

Gateway cities such as New York, Los Angeles and Miami are becoming overheated, and investors have begun to look at other markets, like Denver, Phoenix and Nashville, as more viable options due to their healthy economies and the strength of the energy and manufacturing sectors, Business Insider reports. In addition to this, the cost of doing business is significantly cheaper in some of these markets…»

Employment seems to have stabilized, at least in most parts of the United States. According to the Bureau of Labor Statistics, unemployment rates were higher in August in only eight states, lower in one state, and stable in 41 states and the District of Columbia, compared with July…»

Early signs from retailers indicate a hot job market for workers this holiday season. Despite store closures and consolidation within the industry, retailers are signaling that there might be high demand for seasonal jobs, according to a forecast from global outplacement and executive coaching firm Challenger, Gray & Christmas…»

Arizona State University has been named the most innovative school among national universities for the third year in a row by U.S. News & World Report. The university got the most votes among college presidents, provosts and admission deans, who were asked to nominate up to 10 cutting-edge colleges for the ranking, now in its third year…»