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 […]
Commercial Real Estate & Business News – July 16, 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…» Phoenix, Tucson […]
Commercial Real Estate & Business News – July 15, 2021
How Can Arizona Keep up With Increased Construction Labor Demands? The five C’s of Arizona — copper, cattle, climate, cotton and citrus — have a long history of being the pillars that held up the state’s economy. Today, there is a new C that is driving the state’s growth: construction. After an initial dip in […]
Commercial Real Estate & Business News – July 14, 2021
Top Projects That Will Reshape Phoenix Despite countless factors working against economic development, Greater Phoenix continued to see growth over the past year. Thanks to its highly skilled, diverse workforce and pro-business climate, the Valley is a magnet for relocating businesses across the country, as well as…» Here’s how Bioscience is Changing Downtown Phoenix Landscape […]
Commercial Real Estate & Business News – July 13, 2021
Visa: Spending Momentum Continues but Uneven Across U.S.; Strongest in West Consumer spending remained solid in June, with a majority of consumers spending more than they one year ago. That’s according to the Visa U.S. Spending Momentum Index (SMI). In June 2021, the Visa SMI registered 111.7, down 11.6 points from the May reading of 123.3. […]