Commercial Real Estate & Business News – December 19, 2023
Metro Phoenix Posts Historic Level of Industrial Completions The Greater Phoenix industrial market posted its historically highest level of new industrial space completions during third quarter, adding 12 million square feet to the city’s inventory. This drove a rise in net absorption and also elevated the vacancy rate, according to a report released by Colliers…» Pandemic’s Record […]
Commercial Real Estate & Business News – December 18, 2023
Some Optimistic Capital Market Predictions for 2024 It was a year ago that many in the industry were predicting improved conditions in 2023, with price discovery, more transactions, and all-around better markets. The optimism didn’t last long, with continued interest rake hikes, bank failures, skittish lending, plunging transaction counts, and falling…» 2024 Retail Predictions: 5 […]
Commercial Real Estate & Business News – December 15, 2023
Class B Offers Apartment Investors the Best Balance Trophy assets might not provide the optimal investment return, given the commotion of the past several years. Instead, Berkadia suggests giving more consideration to Class B. Whether due to its luster wearing off or its leveraged returns have the least cushion to withstand higher interest…» These are […]
Commercial Real Estate & Business News – December 14, 2023
The Fed’s Last Big Decision of 2023 Could Set Americans up for Some Relief Next Year The nation’s central bank is about to make its last big decision of 2023. It could signify good things to come for Americans in the new year. On Wednesday, the Federal Reserve will announce whether it will continue its […]
Commercial Real Estate & Business News – December 13, 2023
Inflation Cools Again Ahead of the Federal Reserve’s Final Interest Rate Decision in 2023 Inflation is coming down, but not without some twists and turns. Overall inflation eased again in November, as a drop in gasoline prices offset another increase in rent. But an underlying measure that the Federal Reserve watches closely stayed elevated, possibly […]
Commercial Real Estate & Business News – December 12, 2023
Phoenix Retail Space Availability Falls Below US for First Time in 15 Years The Phoenix retail market recently hit an inflection point that hasn’t happened in at least 15 years. The share of space available to lease declined to 4.6% in the third quarter, surpassing the 4.9% U.S. level. In the decade leading up to […]