Commercial Real Estate & Business News – September 23, 2024

An unprecedented wave of supply over the past few years has driven Phoenix industrial space availability to one of the highest levels in the nation. While the deluge of speculative construction has dramatically expanded the…»

Quarter two multifamily apartment investment conditions were mixed across the country with 14 markets up, nine markets down and two unchanged in Freddie Mac’s Multifamily Apartment Investment Market Index (AIMI). The index rose 0.3% nationwide quarter-over-quarter and…»

Whether it’s coffee, chicken sandwiches, or a rice and protein bowl, Americans are spending a record amount on food and drinks outside their homes. According to the U.S. Census Bureau, Americans spent more than…»

An out-of-state restaurant group is set to enter the Phoenix market by opening two new concepts inside the Esplanade office complex in Phoenix’s Biltmore neighborhood on Camelback Road. Hearsay is the brand name for a casual fine dining restaurant that will be run…»

An observation that CRE experts have made to GlobeSt.com for at least the last two years has been the record number of apartment completions in 2023 and 2024. The Census Bureau numbers from August show that the trend continues. Last month, the rate of unit completions for…»