Commercial Real Estate & Business News – October 21, 2020
Self-Storage Sector Holds Up Amid the PandemicA confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties were still close to fully…» Robot Cooks and […]
Commercial Real Estate & Business News – October 20, 2020
Rents Still Rising in Metro Phoenix as They Drop in Pricier U.S. CitiesAs apartment rents drop in many big U.S. cities from San Francisco to Chicago and New York, monthly payments keep rising for metro Phoenix tenants. Valley rents climbed faster during the past year than almost anywhere else in the U.S. Ten of thousands […]
Commercial Real Estate & Business News – October 19, 2020
Fall 2020 Economic Outlook for REITs and Commercial Real EstateThe COVID-19 pandemic has disrupted most types of economic activity across the globe because of social distancing efforts to slow the spread of the disease. Many of these activities will return to pre-crisis patterns as the virus eventually comes under control. But there may…» The New […]
Commercial Real Estate & Business News – October 16, 2020
CRE Asset Classes Post Increase in Asking Rates, Pricing In Sept.The commercial real estate market is showing distinct signs of recovery. In September, asking rents increased by 3.5% across asset classes and price per-square-foot rose by 7%, according to research from CREXi’s national commercial real estate report. The office and retail…» Emerging Trends 2021: The […]
Commercial Real Estate & Business News – October 15, 2020
The States That Residents Are Leaving And The Ones They Are Moving To 2020 – Arizona Ranks #7A new study by Atlas Van Lines that tracked migration patterns throughout the country in 2019 found more Americans are moving to Idaho than any other state. The Gem State continued a pattern of drawing new residents, ranking […]
Commercial Real Estate & Business News – October 14, 2020
Economy is Bouncing Back Ahead of Schedule, Says Wells Fargo Economist at InterFace EventJust a few months after getting hammered by a pandemic-induced recession, the U.S. economy is rebounding faster than anticipated, according to Mark Vitner, managing director and senior economist with Well Fargo Securities. During his keynote address to kick off the 11th annual […]