Trends

Phoenix Metro Breaks Industrial Construction Record

By Colliers in Arizona  The Greater Phoenix industrial market is setting records in many categories. Construction of new projects has hit a historic record with approximately 19.1MSF currently being built. Colliers in Arizona also reports net absorption of industrial space has pushed vacancy rates to 5.9 percent,

Trends

Arizona Construction Gained 2,200 Jobs in June

By Tasha Anderson and Rebekah Morris for AZBEX  Arizona’s seasonally adjusted unemployment rate increased to 6.8 percent in June 2021, from 6.7 percent in May 2021, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate increased to 5.9 percent from 5.8 percent in May. In June 2020, the state had a seasonally adjusted

Trends

Partnership Planning New Valley Hybrid Health Facilities

By Anchor Health Properties   In collaboration with Intuitive Health and HonorHealth, Anchor Health Properties has recently commenced a local, long-term development and expansion initiative.   Through the addition of strategically located facilities in and around Phoenix, Anchor, Intuitive, and HonorHealth are focused on improving

Trends

Nonresidential Construction Spending Down in May

By Associated Builders and Contractors  National nonresidential construction spending declined 0.7 percent in May, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $784.5B for the month.  Spending

Trends

Input Prices Up Again in May

By Associated Builders and Contractors Construction input prices increased 4.6 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index