Commercial Real Estate & Business News – February 3, 2021
Phoenix Office Leasing Falls 58% in 2020 Across the country, office was among the hardest hit sectors during the pandemic, and Phoenix was no exception. Office leasing activity in the market fell by 58% in 2020, according to research from Savills. The vacancy rate fell by increase 110 basis points to 22.3%…» 5 Arizona Housing […]
Commercial Real Estate & Business News – February 2, 2021
2021 Could Deliver Strongest Growth Since 1984 Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial…» Strong Phoenix Medical Office […]
Commercial Real Estate & Business News – February 1, 2021
Phoenix, Inland Empire Are the Top Industrial Markets in 2020 In 2020, the US recorded a record number of big-box industrial transactions, and the West Coast was a central region of the activity, according to new research from CBRE. The Inland Empire and Phoenix both made the list as top markets for major industrial deals, […]
Commercial Real Estate & Business News – January 29, 2021
3 Arizona Real Estate Market Predictions for 2021 At the close of 2020, the Arizona real estate market continued to remain strong. Historically low mortgage rates kept buyers buying, meaning Arizona’s housing inventory was unable to keep up with demand. Representatives from the 2021 board of the Arizona Association of REALTORS share their predictions…» Study: […]
Commercial Real Estate & Business News – January 28, 2021
Investor, Tenant Demand Reaches New Highs in Phoenix’s Industrial Market Industrial demand, supply and investment in Phoenix set new records in 2020, and that momentum has carried into the new year. The coronavirus created substantial headwinds that negatively impacted most commercial property sectors, but some of those trends benefited the industrial segment…» Scottsdale Developer Tapped […]
Commercial Real Estate & Business News – January 27, 2021
ZOM Living to Invest $500m to Develop Multifamily Communities in Arizona ZOM Living has acquired a portfolio of four parcels totaling 33 acres in Phoenix and Scottsdale, Ariz., with plans to deliver thousands of new apartment units during the coming years. The plan marks the firm’s entry to the Arizona market. The Florida‐based firm intends […]