Commercial Real Estate & Business News – July 23, 2024
Despite Declines, Renters Still Pay $300 More Than Pre-Pandemic While rents fell across all unit sizes in June, especially large declines were seen in the South, according to the Realtor.com Rental Report. Marking the 11th straight month of declines, median asking rents for zero to two-bedroom units fell to $1,743 or -0.4% ($7) from June […]
Commercial Real Estate & Business News – July 22, 2024
The State of Commercial Real Estate in Arizona and What to Expect in the Future Industrial development in Greater Phoenix has seen an impressive growth streak in recent years, with an unprecedented amount of investment coming to the Valley. Other sectors, such as retail and office, have struggled in the post-pandemic landscape, with some…» Dream […]
Commercial Real Estate & Business News – July 17, 2024
Pinal County sees surge in aviation-related development Arizona’s aerospace industry has long been a critical sector for the state, with the Aeronautical Repair Station Association ranking Arizona among the top two for aviation maintenance economic activity. While Greater Phoenix and Tucson are home to many companies in the sector, Pinal County has…» Silver Sky Development […]
Commercial Real Estate & Business News – July 16, 2024
NRF: June sees moderate rise in retail sales Retail sales increased in June compared to last year, signaling that the economy is “still solid” and that inflation is cooling. Core retail sales (excluding restaurants, automobiles and gasoline) rose 0.3% month-over-month in June and were up 3.07% year-over-year, according to the CNBC/NRF Retail Monitor…» Virgin Galactic completes […]
Commercial Real Estate & Business News – July 15, 2024
Fed’s Daly says U.S. economic data now justify an interest-rate cut San Francisco Federal Reserve Bank President Mary Daly said Thursday that she now supports cutting interest rates. “With the information we have received today, which includes data on employment, inflation, [gross domestic product] growth and the outlook for the economy, I see it as likely […]
Commercial Real Estate & Business News – July 12, 2024
Index Shows Momentum is Building for CRE The CRE market appears to be moving forward “slowly and cautiously,” according to the LightBox Monthly CRE Activity Index, which rose in June for the fourth consecutive month. The index is intended to help participants identify inflection points in the market on the aggregate …» The U.S. is winning […]