Commercial Real Estate & Business News July 1, 2019
Number of Job Openings Outnumber Unemployed by Widest Margin Ever A recent report by the U.S. Department of Labor revealed that the number of job openings in the U.S. outnumbered the number of unemployed Americans by the widest margin ever. The number of people looking for jobs fell to roughly 5.82 million in April, whereas the […]
Commercial Real Estate & Business News June 27, 2019
Phoenix Retail Investors Are Betting on Growth Continuing Its Push Into East Valley’s Exurbs Retail investors continue to move their chips to Phoenix’s fast-growing exurbs with high household incomes. Affluent East Valley submarkets Gilbert and Queen Creek have been the favorites, accounting for about one-quarter of the more than $800 million in retail sales volume through […]
Commercial Real Estate & Business News June 26, 2019
Retail Sales Increase in May; April Sales Revised Higher Shoppers ramped up their spending in May. And April sales were better than previously indicated. Retail sales rose 0.5% in May over the previous month and increased 3.2% year-over-year, according to the National Retail Federation (NRF). The NRF numbers, which exclude automobile dealers, gasoline stations and restaurants, […]
Commercial Real Estate & Business News June 25, 2019
Market Stat: Strong Absorption Keeps Industrial Fundamentals Steady in Phoenix Strong absorption continues to mitigate supply-driven pressure in Phoenix’s industrial market. Over the past 12 months, more than 6.5 million square feet of industrial space has been absorbed, and about 7.2 million square feet has delivered. Vacancies are hovering near 6.5%, well below the market’s historical […]
Commercial Real Estate & Business News June 24, 2019
Matrix Monthly Report: U.S. Multifamily Rents Rose $5 to $1,442 in May U.S. multifamily rents rose by $5 to $1,442 in May 2019, marking a $14 rise over the last three months, according to the latest Matrix Monthly report by Yardi Matrix. At the same time, year-over-year rent growth fell by 50 basis points, down to […]
Commercial Real Estate & Business News June 21, 2019
The Future of Housing Rises in Phoenix Armed with loads of cash and the latest in machine learning, investors are reshaping the $26 trillion market for U.S. residential real estate, starting in Phoenix, the petri dish for America’s housing experiments. At the edge of the city’s stucco sprawl, a beige, three-bedroom house with a gravel yard […]