Phoenix office fundamentals continue to trend in the right direction according to the 2018 CoStar report. Absorption has outpaced supply additions for eight consecutive years, and vacancies remain below the market’s historical average. Strong growth in office-using employment, bolstered by corporate expansions and relocations, has driven demand for office space, particularly at the top of the […]
Strong population and job growth in Phoenix, and the rest of the Southwest, is bolstering a growing consumer base in the region according to CoStar’s recent market summary. Overall, approximately 35 million consumers can be served within a single day’s truck haul from the Valley, driving demand for industrial space among e-commerce and third-party logistics […]
According to CoStar’s recent report, strong population and job growth in Phoenix and in the southwestern region as a whole is bolstering a growing consumer base in the region. Overall, approximately 35 million consumers can be served within a single day’s truck haul from the metro, driving demand for industrial space among logistics-oriented companies. With […]
According to CoStar’s recent report, office fundamentals continue to strengthen in Phoenix. With absorption consistently outpacing supply additions since 2010, vacancies were below the historical average in Q3. This vacancy compression has translated into some of the strongest rent gains in the country, and the metro has consistently ranked among the top markets for rent […]
LIQUIDITY INDICATORS REFLECT FAVORABLE MARKET CONDITIONS FOR BUYERS AND SELLERS DESPITE DECLINE IN TOTAL SALES VOLUME This month’s CoStar Commercial Repeat Sale Indices (CCRSI) provides the market’s first look at commercial real estate pricing trends through January 2018. Based on 949 repeat sale pairs in January 2018 and more than 188,000 repeat sales since 1996, […]
Craig Trbovich Commercial Real Estate – While the economy has been expanding at a Bronze medal pace in recent years, Gold is now within reach. Tax reform should help move the economy from a Cross-Country crawl to Super-G speed in 2018. And as I talk to business owners, the same positive attitude resonates, which is […]
Craig Trbovich Commercial Real Estate – Most of us in Phoenix Commercial Real Estate are busy enjoying a very active market. At times like these, it’s important to be thankful. A small amount of time or money can be life changing for a family or a child. I recently watched a news report where $25 could […]
Craig Trbovich Commercial Real Estate – Phoenix commercial real estate continues to expand in 2017. Lease rates are up and vacancies are down across the board as the market benefits from seven straight years of economic growth. Nationally, all the fighting in Washington and in social media is taking up too much of our elected […]
Craig Trbovich Commercial Real Estate – 2016 was a good, yet lackluster, year for the economy. The election was the biggest story, grabbing most of our attention and causing delay for many legislative and business decisions as we waited to see what would happen. And now, with a new administration and Republican controlled congress, expect […]
Craig Trbovich Commercial Real Estate – September is more special to Phoenicians than to people living in most other cities. In Phoenix, we are thankful summer is over because 100 degree days are behind us for another year. It’s our spring. And for a Phoenician like me, throw in a little football, and September is […]