Commercial Real Estate & Business News – May 20, 2024
How Redevelopment Strategy Created a Dynamic Downtown Phoenix In the heart of Phoenix, a wave of redevelopment has swept through downtown marking an evolution in its urban landscape. Spearheading this resurgence are three distinct trends: the burgeoning bioscience core, the adaptive reuse of historical buildings and the flourishing…» Homebuilders Plan Thousands of Homes Near TSMC […]
Commercial Real Estate & Business News – May 17, 2024
Phoenix Still a Top US Market for Big-Box Industrial Growth, Report Says Phoenix has kept its title as one of the top markets in the country for the growth of large warehouse space even as the sector has cooled off nationally, according to a CBRE Group Inc. report. The Valley had a 6% growth rate […]
Commercial Real Estate & Business News – May 16, 2024
Inflation Ticks Down, Keeping Hope Alive For 2024 Rate Cuts Inflation cooled slightly last month, signaling that while previously anticipated cuts to interest rates in the first half of the year are unlikely, there is still hope for decreases this fall. The consumer price index rose 3.4% year-over-year in April, according to the Bureau of […]
Commercial Real Estate & Business News – May 15, 2024
CRE Transaction Numbers May Be Seeing Some Recovery There’s a bit of a turnaround in CRE sales transactions, according to a Moody’s CRE report. But the current results and trends vary by property type and a return to pre-pandemic normalcy will need the help of the Federal Reserve’s reduction of interest rates. “CRE transactions…» Online […]
Commercial Real Estate & Business News – May 13, 2024
Several Large Move-Outs Fuel Negative Net Absorption in Phoenix Office Market Several large office tenant move-outs during first quarter fueled the Phoenix office market to post negative net absorption reaching -572,754 square feet, according to a report released by Colliers. Despite total vacancy rising to 19.9 percent, the city’s landlords have been able to maintain healthy […]
Commercial Real Estate & Business News – May 10, 2024
CBRE: Multifamily Fundamentals Start to Stabilize U.S. multifamily growth is expected to accelerate in the second half of the year amid slowing completions and continued positive net absorption, according to new research from CBRE. CBRE research shows that average monthly rents in the first quarter ticked up 0.4% year…» Build-to-Rent Well-Positioned to Fill Housing Market […]