Today’s News 9-30-2025

Multifamily cap rates appear to have stabilized, ending a two-year cycle of steady increases and raising the prospect that the sector could be at the edge of an upswing, according to CoStar’s National Director of Capital Markets Analytics, Chad Littell. While most investors remain focused on the impact of interest rates, it is actually rent growth that has provided the most reliable signal for shifts in cap rates throughout recent cycles—a key theme echoed…»

It shouldn’t be a surprise to anyone that homeowner affordability continues to decline. The National Association of Realtors has acknowledged this. So has the Joint Center for Housing Studies of Harvard University. Now, CBRE has thrown its own figures into the mix. In a report, “Fewer Renter Households Can Afford Homeownership,” the authors said that 1.8 million renter households can’t afford median-priced homes in their markets. The reasons? “Persistently…»

A new wave of wealth is reshaping Phoenix’s housing market, making it the fastest-growing millionaire hub in the United States. Between 2019 and 2023, the number of millionaire renters in Greater Phoenix rose by 519%. Renting was once viewed as a temporary step toward homeownership. Today, for many affluent individuals, it has become the destination rather than the interim. And with that increase in millionaire renters has…»

During the first two quarters of the year, a total of 59 industrial sales closed, involving 8 million square feet and generating $1.4 billion, according to the latest Yardi Research Data. The average price per square foot during this period stood at $179.65—higher than the $163.89 per square foot recorded during the same period in 2024—marking a steady demand for industrial properties. During the year’s second quarter, 4.5 million square feet…»

Coffee giant Starbucks will be closing hundreds of stores across the country this weekend, including more than a dozen in Arizona. Starbucks CEO and chairman, Brian Niccol, announced this week that the chain is closing locations that do not meet financial performance or customer and partner standards. He said the company plans to close 1% of company-operated coffee shops this year. The Puget Sound Business Journal reported that Starbucks…»