Commercial Real Estate & Business News – August 2, 2021
Phoenix Employment Edges Higher in June, and Industrial Prospecting Activity Indicates Future Job Growth While Phoenix employment typically contracts during the summer months, payrolls in the market expanded by 5,200 jobs, according to the latest data from the Bureau of Labor Statistics. The monthly job gain is up from the 2,400 jobs that were added […]
Commercial Real Estate & Business News – July 30, 2021
Muted Distress in CMBS Loans Lets Investors Put COVID-19 in Their Rearview Mirrors The recovery from pandemic disruption in the commercial real estate market has advanced more rapidly than industry experts expected and is gaining speed even as variants of COVID-19 loom as a potential threat. The amount of property distress is fading much faster […]
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 […]