Office Sublease Space Up 21.8 Percent
By Les Shaver for GlobeSt.com As COVID-19 forced lockdowns across the country, the amount of vacant sublease increased in the first half of 2020, according to new figures BEX
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Subleasing, Rent Pressures Equal Trouble for Office
By Rayna Katz for GlobeSt.com Given corporate America’s reluctance to return to offices rather than work from home, current conditions in office properties—and the BEX
Phoenix #2 in Data Center Growth
Source: JLL COVID-19’s impact on public safety and stay-home orders drove significant demand for immediate digital connectivity around the world. JLL’s 2020 Mid-Year BEX
Ariz. Construction Gained 1,300 Jobs in August
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 5.9 percent in August 2020, from July 2020, according to the BEX
Dollar Stores Show E-commerce Resilience
By Les Shaver for GlobeSt.com While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish. In the second BEX
Tucson Multifamily Remains Hot
By Gabriela Rico for Arizona Daily Star Investor interest in Tucson’s upper-end apartment complexes has been high for several years and, while there was some breath-holding BEX
Construction Employment Continues to Recover
Source: Associated Builders and Contractors Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and BEX
Nonresidential Construction Spending Down in July
Source: Associated Builders and Contractors National nonresidential construction spending fell 1.2 percent in July, according to an Associated Builders and BEX
Ariz. Construction Lost 1,200 Jobs in July
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 10.6 percent in July 2020, from June 2020, according to the BEX
Medical Office Market in PHX Thrives
Source: Colliers International As cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area’s second quarter of real BEX
Construction Output Drops Significantly
Source: Associated Builders and Contractors The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to BEX
Report Reveals Costs Trends and Recovery Preview
Source: Rider Levett Bucknall International property and construction consultancy firm Rider Levett Bucknall has released its new Quarterly Cost Report for North BEX
Survey: Confidence Returns to Pre-crisis Levels
Source: NAHB Now In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family BEX
Ariz. Construction Lost 900 Jobs in June
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 10 percent in June 2020, from May 2020, according to the BEX
Online Commerce Driving Growth in Industrial
Source: Colliers International The Greater Phoenix industrial real estate market remains healthy, despite business conditions during the pandemic. America’s growth in BEX
PHX Office Space Market Remained Positive
Source: Colliers International The Greater Phoenix office market remained relatively healthy during second quarter, despite business interruptions caused by Stay-at-Home BEX
Multifamily Construction Costs May Drop
By Bendix Anderson for National Real Estate Investor Heading into 2020, a robust development pipeline and rising costs of construction material and labor were major BEX
Ariz. Construction Gained 3,500 Jobs in May
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 8.9 percent in May 2020, from April 2020, according to the BEX
Input Prices Up in May
Source: Associated Builders and Contractors Construction input prices rose 0.8 percent in May compared to the previous month, according to an Associated Builders and BEX
Invest. in Structures Down; Const. Spending Stable
Source: Marcum LLP The Marcum Commercial Construction Index for the first quarter of 2020 reports an industry suffering the adverse effects of COVID-19. BEX
April Nonresidential Construction Spending Drops
Source: Associated Builders and Contractors National nonresidential construction spending decreased by 1.8 percent in April, according to an Associated Builders and BEX
Phoenix Ranks High for Solar Power
By Ellie Borst for Cronkite News Phoenix dipped slightly in a national ranking of solar power capacity, even as the total amount of power generated and the power per BEX
Ariz. Construction Lost 4,200 Jobs in April
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 12.6 percent in April 2020, from March 2020, according to the BEX
Nonres. Construction Employment Sees Record Drop
Source: Associated Builders and Contractors The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis BEX
Colliers’ Phoenix Q1 Multifamily Review
By Thomas Brophy for Colliers International While nearly every aspect of life has changed since March 1st of this year, it is necessary to take stock of where the market BEX
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