Commercial Real Estate & Business News September 23, 2019

ULI, PwC Emerging Trends Report Forecasts Continued Strength in CRE in 2020 The commercial real estate market remains strong, despite talk of an approaching recession, according to an Emerging Trends in Real Estate 2020 report produced by the Urban Land Institute (ULI) and consulting firm PwC and released at this week’s ULI fall meeting. “Real estate is in a very good space,” said Mitch Roschelle, partner and business development leader with PwC, at the…»

Here are the Metros With the Highest Apartment Occupancy
Apartment occupancy nationwide is as high as it’s been in nearly 20 years, with more than 96% of all apartments filled in the 150 largest apartment markets in the country. Overall, all four regions of the country saw a rise in apartment occupancy in August, according to a study from RealPage. The Northeast saw 97.1% occupancy; 96.6% in the West; 96.5% in the Midwest and 95.7% in the…»

Metro Phoenix Rents Pick up Pace, Contrary to National Trends
RENTCafé’s August rent report is out and while researchers have noticed a slowdown in national rental costs, Phoenix and the surrounding suburbs don’t necessarily follow the trend this time, as Metro Phoenix rents have picked up their rising tendencies yet again. Here are the highlights for Phoenix and suburbs: * Average rents in Scottsdale went up $5 in August and reached…»

Here’s Why Money Magazine Named Goodyear the Best Place to Live in Arizona
Goodyear has rapidly expanded its list of big-name employers, from Microsoft to Nike, which is why the suburb of nearly 85,000 residents southwest of Phoenix was named one of the 50 best places to live in the U.S. Money magazine ranked Goodyear 22nd in its annual list of the 50 best American cities to live in. It’s the only Arizona city to make the list this year. Peoria was 29th in…»

ASU Gets Approval for New Construction of Dorm, Sky Bridge and L.A. Renovation
Arizona State University campuses across the Valley and even out of state will see millions in public funds for construction in the coming few years. The university on Thursday received approvals from the Arizona Board of Regents related to several large construction projects, including a new dorm in downtown Phoenix, a pedestrian bridge in Tempe and renovations to a historic building in…»