Commercial Real Estate & Business News – November 30, 2021
Black Friday Lightens Up as Retailers Post Impressive Y-O-Y Gains Black Friday foot traffic at U.S. malls, while off compared to prior years, displayed impressive year-over-year gains, according to data firm Placer.ai. Traffic was up 83.5% at indoor malls and 44% at outdoor malls from…» 2022 Outlook: Residential to Remain Strong, COVID-Impacted Asset Classes to […]
Commercial Real Estate & Business News – November 29, 2021
Industrial Deals Have Now Surpassed 2020 Levels Industrial sales volume so far this year has already surpassed 2020’s year-end total, with $51.2 billion in deals closed through October. The average sale price of industrial assets is now at $110 per square foot, a 25% increase over…» Real Estate Roundtable’s Sentiment Index Up 29 Points Year-Over-Year […]
Commercial Real Estate & Business News – November 24, 2021
Arizona Projected to Add More Than 700,000 Jobs by 2030 More than 700,000 jobs will be created in Arizona in the next decade, another sign of Arizona’s economic prowess coming out of the pandemic. According to a new report from the Arizona Office of Economic Opportunity (OEO), which studies the state’s economy and labor market […]
Commercial Real Estate & Business News – November 23, 2021
Trends to Watch in 2022 That Will Impact Arizona’s Economy Arizona has consistently been among the top five fastest-growing states in the nation. Aptly so, it’s no surprise that despite the economic impact that the pandemic has played across the nation, the state has remained on…» Developers Start Trio of Speculative Warehouses at Gilbert, Arizona, […]
Commercial Real Estate & Business News – November 22, 2021
Largest Weekly US Hotel Demand Gain in Six Weeks Indicates Increasing Business Travel The strength of weekday bookings, which typically indicate business travel, propelled U.S. hotel demand to its largest weekly gain since early October, as revenue per available room industrywide was the closest it has been to…» Homebuying Demand Reaches All-Time High, Report Shows […]
Commercial Real Estate & Business News – November 19, 2021
How Arizona’s Recovery From Pandemic Has Gained Significant Momentum Arizona’s recovery from the pandemic gained significant momentum in the second quarter. Job gains surged, housing permit activity remained very strong, and taxable sales remained on track for significant gains. The housing market grew even hotter in the second quarter, with…» CVS to Close About 900 […]