Arizona has become a magnet for a significant migration wave, with Phoenix (the state’s capital and largest city) at the epicenter of this population boom. The population has increased by 11% over the past decade, outpacing the national growth rate, according to the U.S. Census Bureau. The Greater Phoenix Chamber reports that the metro […]
As we move past the first quarter of 2022, many wonder where the economy may be going while asking themselves, “Will Arizona continue to grow?” Experts say, “Yes!” as Phoenix’s growth is expected to continue and “Watch out!” as the country’s rate of inflation threatens the economy. The benefit to this exponential growth is […]
Many of you may be wondering where the market is headed as we move forward, away from the locked down pandemic state we were in last year. We’ve done some research and are going to report on various areas of the economy over the up-coming weeks to assist with this ever-increasing question. […]
My usual quarterly market reports seem meaningless, at this time, because so much is changing and unknown. Therefore, I have decided to pass along some information regarding the latest happenings in real estate and business instead. With recent events, real estate and business markets have become uncertain territories to venture into. As with most […]
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 […]