Commercial Real Estate & Business News – October 2, 2024
Multifamily Permits Fall 16.8% Even though 8.3% more permits were granted for multifamily construction in August compared to July this year, viewing on an annual basis the rate of permitting dropped 16.8% in all U.S. census regions. That came even as…» The Commercial-Property Market Is Coming Back to Life Buyers and sellers in US commercial […]
Commercial Real Estate & Business News – September 27, 2024
CRE Pricing Edges into Annual Growth U.S. commercial property prices edged into annual growth in August amid growing optimism that interest rate cuts will rejuvenate the market, MSCI Real Assets reported. The RCA CPPI National All-Property Index rose 0.6% from July, for a fourth consecutive month-over-month improvement…» Phoenix No. 2 among U.S. cities for distribution […]
Commercial Real Estate & Business News – September 26, 2024
Fed Officials Hint At More Aggressive Rate Cuts in Coming Months Some Federal Reserve officials are signaling that they want to see significantly more rate cuts in the future. Chicago Fed President and CEO Austan Goolsbee at the National Association of State Treasurers annual conference on September 23, 2024, said, “At a moment like this, […]
Commercial Real Estate & Business News – September 25, 2024
Retail construction in Phoenix’s outer suburbs outpaces more downtown areas Construction has been muted in the Phoenix retail market for over a decade, as developers have shifted their focus to other property types in the wake of the Great Recession. Just 6.6 million square feet of gross new retail space has been completed since the […]
Commercial Real Estate & Business News – September 24, 2024
How did past interest rate cuts affect commercial property? Check out these six charts. In this century, it has taken anywhere from 1 1/2 to 3 1/2 years for commercial property sales volume and prices to begin increasing following interest rate cuts. The way it all plays out, after the Federal Reserve’s announced half-percentage-point cut […]
Commercial Real Estate & Business News – September 23, 2024
The Valley’s older, Larger Distribution Centers Retain Tenants at one of the Strongest Rates in the US An unprecedented wave of supply over the past few years has driven Phoenix industrial space availability to one of the highest levels in the nation. While the deluge of speculative construction has dramatically expanded the…» Multifamily Investment Conditions […]