Commercial Real Estate & Business News – June 29, 2021
Consumer Spending Fell Flat in May After Robust Spring Consumer spending in the United States stayed flat in May, according to data released by the Commerce Department on Friday. But the details underlying the report point to a strong summer season for retailers, the travel industry and entertainment venues, as consumers…» Hundreds More Homes Pegged […]
Commercial Real Estate & Business News – June 28, 2021
Report: Brick-and-mortar Retail isn’t Dying, it’s Evolving COVID-19 accelerated pre-existing trends in the retail industry, prompting changes in the way cities govern that will last far beyond the pandemic, according to the National League of Cities’ (NLC) new report, The Future of Cities: Reenvisioning Retail. The report’s analysis finds that retail…» Leisure Demand Lifts US […]
Commercial Real Estate & Business News – June 25, 2021
Phoenix Among Top 15 Markets for Industrial Rent Growth Tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking industrial rent growth to new highs, according to a new report from CBRE. Asking rents increased a record…» Wisconsin Multifamily Developer Breaks Ground on Fourth Valley […]
Commercial Real Estate & Business News – June 24, 2021
CoStar’s Pandemic Recovery Dashboard for the US Oxford Economics compiles measurements of various parts of the economy to create its “Recovery Tracker.” The index has been showing steady gains so far this year. The index is developed by University of Oxford and Blavatnik School of Government to…» RED Development Breaks Ground on $300M Phoenix Mixed-Use […]
Commercial Real Estate & Business News – June 22, 2021
New Yorkers, Californians Flee to Move to Arizona Americans are moving from population centers like New York, California, and Illinois in record numbers. And one of the hottest plans — both literally and figuratively? A move to Arizona. According to research from North American Moving Services, those moving…» Rent Growth Returns to Pre-Pandemic Levels in […]
Commercial Real Estate & Business News – June 21, 2021
Multifamily, SFR Should Remain Fastest Growing Housing Segment Multifamily and single-family rentals should remain the fastest growing segment of the US housing market says DBRS Morningstar in a new report. “Single-family rental is experiencing unprecedented demand, and we do not expect it to abate anytime soon…» Rental Prices Reach the Highest Level in Two Years: […]