Commercial Real Estate & Business News – July 11, 2024
Phoenix breaks San Francisco’s monopoly, grabs major semiconductor-industry trade show Semiconductor manufacturing is on a roll, and Arizona is grabbing a significant piece of that vital industry along with national recognition of its role. The latest indication: A major industry trade show will be held in Phoenix on a rotating basis starting in 2025, after […]
Commercial Real Estate & Business News – July 10, 2024
Stability Starts to Emerge in Commercial Real Estate The commercial real estate industry has been trying to sort out, and lobby for, where things are going. Goldman Sachs said office markets, maybe the most rattled part of CRE, have bottomed. Price increases could also indicate the start of a bottom according to a CoStar report. Then again, private CRE …» U.S. […]
Commercial Real Estate & Business News – July 9, 2024
Retail Remains Red-Hot In The Post-Pandemic Recovery The Metro Phoenix retail sector has seen a spectacular recovery since the pandemic, with Avison Young’s First Quarter 2024 Phoenix Retail Market Report stating that “since Q4 2020, Phoenix has rebounded, creating a national leading market with demand surpassing availability.” More than 1 million …» Sen. Mark Kelly Touts National […]
Commercial Real Estate & Business News – July 8, 2024
Powell says inflation is showing signs of resuming cooling trend Federal Reserve Chair Jerome Powell said Tuesday that inflation seems to be returning to the downward path that was seen late last year but that it was too soon for the central bank to make a move on interest rates. “Inflation, after pausing in the […]
Commercial Real Estate & Business News – June 28, 2024
Charting Luxury Retail’s Course in the New Economy The global luxury goods market soared to $1.6 trillion in 2023, with global consultancy firm Bain & Co. forecasting even greater growth in 2024, primarily driven by cars, hospitality and personal goods. In this fiercely competitive sector, staying ahead of the curve is paramount, particularly for…» U.S. […]
Commercial Real Estate & Business News – June 27, 2024
Phoenix Retail Availability Outperforms Nation for Over a Year The Phoenix retail market boasts lower space availability than the United States overall, a trend that has held for more than a year. As the second quarter nears completion, the amount of space available to lease has reached 4.5% of the Valley’s total existing and underway […]