Commercial Real Estate & Business News – January 27, 2015
Market Trend: Phoenix Office Vacancy Decreases to 16.9% The Phoenix Office market ended the fourth quarter 2014 with a vacancy rate of 16.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,199,018 square feet in the fourth quarter. That compares to positive 638,959 square feet in the third quarter […]
Commercial Real Estate & Business News – January 26, 2015
Generation Y Prefers Suburban Home Over City Condo One of the hottest debates among housing economists these days isn?t the trajectory of home sales, but whether millennials, those born in the 1980s and 1990s, want to remain urbanites or eventually relocate to the suburbs. Some demographers and economists argue that the preference of millennials, also […]
Commercial Real Estate & Business News – January 23, 2015
Economy Watch: More Evidence of Apartments Still Having Long Runway Any time a boom lasts more than a short while, the question naturally surfaces: How much longer can this go on? Doesn?t the party have to end sometime? All good times do come to an end, but in the case of the running boom for […]
Commercial Real Estate & Business News – January 22, 2015
Retail Sales Expected to Rise 4.5% in 2015 The outlook for the retail industry looks bright, with lower prices at the pump and decreasing unemployment boding well for consumer spending. Retail sales are expected to rise 4.5% in 2015, which is about one percentage point stronger than 2014 growth, according to a report by Kantar […]
Commercial Real Estate & Business News – January 21, 2015
Economy Watch: Low Inflation Generally Positive for CRE On Friday, the Bureau of Labor Statistics reported that the CPI was down 0.4 percent in December. That?s the steepest drop in that particular metric since 2008, which has seen modest increases during most months, and for most years has been staying under 2 percent, which happens […]
Commercial Real Estate & Business News – January 20, 2015
Improving Job Market Leads to Office Sector Success With businesses finally embracing expansion in 2014, the office sector posted its best performance in years, according to fourth quarter statistics. And the outlook for 2015 remains bright. Office vacancy averaged 13.9 percent nationally in the fourth quarter, 100 basis points lower than at year-end 2013, marking […]
