Commercial Real Estate & Business News March 14, 2019
Retail Market Webinar: US Store Vacancies Fall to Lowest Point in More Than a Dozen YearsU.S. retail real estate is bursting at the seams. The national retail vacancy rate fell to 4.4 percent, its lowest level in more than a dozen years, in the final quarter of 2018, according to a CoStar analysis. That happened […]
Commercial Real Estate & Business News March 13, 2019
A Major Bioscience Hub Is Emerging in PhoenixThe bioscience market is taking off in Phoenix. The market has more bioscience and healthcare facility product under construction than any other market in the US, according to research from CBRE. In the next 24 moths, there is more than $3.5 billion in capital investment, which equates to […]
Commercial Real Estate & Business News March 12, 2019
Another Upscale Apartment Community Opens in Booming Downtown PhoenixA juice bar and bike-washing station are among the perks in the latest upscale apartment community to open to renters in downtown Phoenix, during what’s expected to be a peak year for apartment construction in the revitalizing area as developers try to keep up with feverish demand […]
Commercial Real Estate & Business News March 11, 2019
Phoenix Has Plenty of Room for Big-Box GymsWhile there is momentum behind smaller-format fitness concepts, it is still a good time to operate a big-box gym in Phoenix. Businesses such as OrangeTheory and Jabz Boxing are popular because they offer specific experiences and create a sense of community, but the fitness market consumer base is […]
Commercial Real Estate & Business News March 8, 2019
Recession? What Recession? Market is Almost Unrecognizable from a Decade AgoWe didn’t know it at the time, but 10 years ago this week, things started looking up. On March 9, 2009, the S&P 500 closed at 676.53, the lowest point it hit over the course of the Great Recession. Today, the index stands at around […]
Commercial Real Estate & Business News March 7, 2019
Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. AveragesWith continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. […]