Commercial Real Estate & Business News 4-28-2025
Here’s how Phoenix office asking rents compare with U.S. Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed heavily on office asking rents and construction…» Sprouts Farmers […]
Commercial Real Estate & Business News 4-25-2025
TSMC’s $165B Phoenix campus fuels industrial demand in Northwest Valley As goes TSMC, so goes Phoenix’s industrial real estate market. Suppliers continue to gravitate to the Valley, angling to position themselves in the orbit of TSMC’s ever-growing, $165 billion campus in North Phoenix. And while more industrial supply is set to come online in north […]
Commercial Real Estate & Business News – April 23, 2025
Downtown Phoenix $117 million apartment project to preserve historic building A planned $117-million development in the southern part of downtown Phoenix will include restoring a historic building and reusing it as commercial space. Colorado-based developer Aardex received approval from the Phoenix City Council in early April to develop a 14-story, 262-unit apartment complex on about […]
Commercial Real Estate & Business News – April 22, 2025
3 East Valley projects are being built. Here’s where and what Big-name commercial retailers are landing across the East Valley, with some set to start construction in 2025. Developers are eyeing far east Mesa as the next place for major development, including one of its largest commercial projects set to open in 2026. Tempe Marketplace […]
Commercial Real Estate & Business News – April 21, 2025
Trader Joe’s, Sprouts gain ground in Phoenix grocery market as competition heats up In Phoenix’s ultracompetitive supermarket industry, two grocery chains – Trader Joe’s and Sprouts Farmers Market – saw their share of the market grow more than other brands this past year. California-based Trader Joe’s, which added three new stores in the Valley in […]
Commercial Real Estate & Business News – April 18, 2025
Multifamily Demand Remains Robust in Q1 The multifamily industry’s record supply wave continued in the first quarter, with 116,092 market-rate units delivered over the last three months. According to RealPage’s first quarter analysis, this is on par with the prior quarter’s record high. Demand also continued to surge as 138,302 units…» Apartment Developers Who Overbuilt […]