Commercial Real Estate & Business News – July 29, 2021
As Economy Rebounds, Don’t Overlook US Commercial Real Estate Commercial real estate in the United States should remain a strong investment choice as the nation emerges from a pandemic-induced slump, and it can be a good hedge for investors worried that rising inflation could dampen or even derail the recovery. That’s the argument of analysts […]
Commercial Real Estate & Business News – July 28, 2021
Forecasts Show Improved Economic Conditions Are on the Way Hiring in the second quarter of 2021 narrowly beat economists’ expectations. In normal times, this would cause few changes to economic projections. But these aren’t normal times. Widespread vaccine deployment in the late spring led to improved health conditions, buoying expectations for recovery over…» Phoenix […]
Commercial Real Estate & Business News – July 27, 2021
Phoenix Office Market Stabilizes as Sublease Additions Slow The pandemic’s impact on the Greater Phoenix office market appears to have passed its peak with the market stabilizing in second quarter, according to a report from Colliers. Sublease space additions to inventory have slowed and the market returned to positive net absorption following two quarters of negative […]
Commercial Real Estate & Business News – July 23, 2021
Here’s why Scottsdale and Tempe are Experiencing a Development Boom While the COVID-19 pandemic may have curbed progress for a lot of businesses in the East Valley, construction showed no signs of slowing down. Massive multifamily housing communities, expansive business campuses, eye-catching mixed-use towers and luxury hotels are transforming the region’s skyline, and…» More Build-to-Rent […]
Commercial Real Estate & Business News – July 22, 2021
Apartment Rents Are Rising In Nearly Every Major US City Amid a Housing Shortage Apartment owners and landlords in major U.S. cities are increasingly raising the rent. In 44 of the 50 largest U.S. cities, rents reached record highs, with three cities recording year-over-year rent growth steeper than 20%, according to a report from Realtor.com, […]
Commercial Real Estate & Business News – July 21, 2021
Retail Sales Solid in June Retail sales edged up in most categories in June and were up across the board on a yearly basis. That’s according to the National Retail Federation, which reported that June retail sales were up 0.8% from May and 12.1% year-over-year. (NRF’s calculation of retail sales which excludes…» More Grocery Shoppers […]