Analysis: Fundamentals of Arizona’s Economic Growth Arizona State University often touts its annual U.S. World News rating as the number 1 university in the world for “innovation.” But what does that really mean? How does this concept fit into Arizona’s economic outlook? Michael Porter, a Harvard … [Read more...] about Commercial Real Estate & Business News – March 4, 2021

Phoenix Among Top 10 Metros for New Business Formation, Report Says The Valley has been a haven for entrepreneurial activity, according to a new report from Roofstock, a real estate investment platform. The Phoenix metro had a startup formation rate of 9.63%, defined as the number of new … [Read more...] about Commercial Real Estate & Business News – March 4, 2021

10% GDP Growth? The U.S. Economy is on Fire, and is About to Get Stoked Even More The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations as another fresh influx of cash looms. Manufacturing data Monday showed the sector at its highest … [Read more...] about Commercial Real Estate & Business News – March 3, 2021

Apartment Rents Hit Biggest Growth Spurt Since 2019 Apartment rent trends may have hit a new stride. The Apartment List national rent index increased by .7% month-over-month in February, the largest monthly increase since June 2019. The increase also represents the second consecutive month of … [Read more...] about Commercial Real Estate & Business News – March 2, 2021

Arizona has Turned Corner on COVID-19, Experts Say Health officials confirmed COVID-19 in another 1,310 Arizonans Wednesday and reported that 43 more people died from the disease, according to the latest numbers from the Arizona Department of Health Services. Depressing numbers – but a vast … [Read more...] about Commercial Real Estate & Business News – March 1, 2021

US. Retail Sales in 2021 to Rise 6.5% to 8.2% Amid Vaccine Rollout, Says NRF Retail sales in the U.S. this year are expected to total more than $4.33 trillion as more individuals receive the COVID vaccine and the economy reopens. That’s according to the National Retail Federation’s just-released … [Read more...] about Commercial Real Estate & Business News – February 26, 2021