Commercial Real Estate & Business News – March 30, 2021
Phoenix Named No. 1 Growth Market for Big-box Industrial Sector Phoenix was named the top growth market in North America for large-warehouse leasing activity in the industrial sector, with 9.1 percent of its inventory absorbed in 2020, according to a new report from CBRE. Transaction activity reached a record level for big-box warehouses…» Phoenix Lands […]
Commercial Real Estate & Business News – March 29, 2021
2021 Poised to be a Seller’s Market for CRE Assets Any pricing reductions from the pandemic and economic dislocation will be short-lived. A new survey from CBRE finds that 70% of respondents plan to increase investment by at least 20% this year compared to 2020, but only 30% of investors on the sale-side made the […]
Commercial Real Estate & Business News – March 23, 2021
Americans Have $1.7 Trillion to Burn in Revenge-Spending Binge Shoppers are out for vengeance. A year into a pandemic that’s devastated lives, jobs and the economy, those who are lucky enough to have disposable income are ready to go out and splurge — even if they still have nowhere to go in that stunning dress […]
Commercial Real Estate & Business News – March 22, 2021
Phoenix Market Update: Suburban Assets Lead Activity After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the metro for $108 million. The sales amount was 26.4 percent higher year-over-year,…» Retail Rent Collections Climb to 90% […]
Commercial Real Estate & Business News – March 19, 2021
Rent is Cheap, Vacant Space is Everywhere: Retailers Seize the Moment to Open Stores For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic […]
Commercial Real Estate & Business News – March 18, 2021
Downsizing: Office Market Slow, not Stagnant in Phoenix After a Year of Covid A year after the Covid-19 pandemic forced many businesses to move employees to working remotely, activity is beginning to pick up in the Phoenix office market, though on a smaller scale. “Tour activity is up substantially,” said Andrew Cheney, principal at Lee […]