My Blog

U.S. Office Vacancy Lowest in 18 Years, Despite Lots of New Construction The U.S office market continued to experience accelerated growth in the second quarter, with 17.1 million sq. ft. absorbed, bringing the year-to-date total to 66.5 million sq. ft. Vacancy dropped to 12.2 percent … [Read more...] about Commercial Real Estate & Business News August 15, 2019

Phoenix in 'Sweet Spot' for Business Affordability, Employment Growth, Report Says Phoenix lands right in the "sweet spot" for the cost of doing business and employment growth, according to a Business Cost Index study done by global research firm IHS Markit Ltd. According to the index, it costs … [Read more...] about Commercial Real Estate & Business News August 14, 2019

The Ritz-Carlton, Paradise Valley Prepares for Summer 2020 Opening Set in the coveted resort town of Paradise Valley, Ariz., within the heart of vibrant Scottsdale, construction on The Ritz-Carlton, Paradise Valley is well underway for the luxury property that will span over 20 acres and boast … [Read more...] about Commercial Real Estate & Business News August 13, 2019

Venture Capital and Commercial Real Estate Venture capital is changing commercial real estate at an astonishing pace. GlobeSt.com recently caught up with Andrea Jang, head of growth Americas for JLL Spark, to gain insight on how venture capitalists choose what to fund, how their funding will … [Read more...] about Commercial Real Estate & Business News August 11, 2019

Arizona Apartment Rates Climb at Fastest Rate in the Nation Arizona is currently one of the hottest destinations for relocators, and the apartment housing industry is facing the subsequent pressures of that. In 2016, Arizona had the fifth-highest number of net in-migrants in the nation. That … [Read more...] about Commercial Real Estate & Business News August 9, 2019

Here's Why Canada Means Big Business for Arizona Last year, Maricopa County saw the largest population increase of any county in the United States, adding another 81,244 residents to its desert clutches. That makes eight straight years of population gains, according to the Census Bureau. This … [Read more...] about Commercial Real Estate & Business News August 8, 2019