Commercial Real Estate & Business News – September 20, 2022

The rhythm of migration out of coastal areas with high housing costs into less expensive Sun Belt cities accelerated during the pandemic. Skyrocketing demand for apartments in markets such as Austin, Texas; Phoenix, Arizona; and Tampa, Florida, pushed rent…»

The Phoenix metro’s median rent has increased by 45.6% in the past year, ranking the Valley at No. 38 in a list of the most expensive cities in the U.S., according to a recent nationwide rent report. But it was another Arizona city that saw the highest rate of…»

There’s never been a better time to deploy capital into the multifamily asset class, according to one industry veteran, who says now is the “golden age” of multifamily investment. “We are truly in an incredible time,” says Louis Rogers, founder and chief executive of…»

Mr. Pickles, the sandwich chain that moved its headquarters from Northern California to Scottsdale earlier this year, recently signed a deal to grow the company’s footprint even more. The company, which already has 56 locations open, plus six set to…»

Affiliates of Harbor Too many important key metrics are signaling positively for the US economy and “we’re not even close” to being in a recession right now,” Mark Zandi, chief economist, Moody’s, shared during National Multifamily Housing Council’s 2022 Fall Meeting in Washington…»