Trends

The National Federation of Independent Businesses has reported 44 percent of companies have job openings they cannot fill. The number is an all-time high for the survey. A recent report from The Conference Board, entitled, …

By Rebekah Morris for AZBEX  Rapid Increases in Lumber, Steel and Raw Materials Lead to Significant Project Cost Spikes.  The biggest story in the Arizona construction market has been the rapid cost escalation of construction materials prices since …

By Colliers in Arizona  The first quarter of 2021 brought positive net absorption to the Greater Phoenix retail market, according to a report released by Colliers in Arizona. Absorption pushed vacancy down and rental rates continue showing …

Data center construction in the Valley is continuing its rapid upswing from recent years, due in part to a business-friendly environment, dry weather and the region’s low risk of natural disasters.  Absorption rates are up 38 percent …

By Tasha Anderson and Rebekah Morris for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 6.7 percent in April 2021, from March 2021, according to the latest report published by the Arizona Office of Economic …

By AZBEX Staff and RENTCafé As one of the nation’s fastest growing apartment markets, Phoenix has also experienced massive growth in self-storage development. RENTCafé’s most recent self-storage report shows the local market has expanded by …

By Associated Builders and Contractors Construction input prices increased 1.3 percent in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. …

By Associated Builders and Contractors Associated Builders and Contractors has reported its Construction Backlog Indicator rose to 7.9 months in April, according to an ABC member survey conducted April 20th-May 5th, 0.1 months higher than in …

By Colliers in Arizona The Greater Phoenix medical office market posted 6.2 percent rental rate increases over the past 12 months and investment sales were relatively strong in first quarter, despite recording a three-month period …

The new issue of RealAccess, a report from Nuveen Real Estate, a TIAA company, takes a look at the impacts of the pandemic on the built environment. The study shows Arizona and other Sunbelt states …

By Associated Builders and Contractors Construction employment is holding its own, although it is not back to pre-pandemic levels, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and …

Navajo Nation representatives recently appeared before the House Natural Resources subcommittee to give testimony on major infrastructure deficits and deficiencies on Tribal lands and to ensure Native Americans are included in funding under the Biden Administration’s …

Lumber prices have continued to rise after hitting an all-time high last September. The National Association of Homebuilders queried builders in its April 2021 NAHB/Wells Fargo Housing Market Index survey as to how they are …

By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 6.7 percent in March 2021, from February 2021, according to the latest report published by the Arizona Office of Economic Opportunity. The national …

By JLL Tenant move-outs have outnumbered move-ins so far this year in the Phoenix office market, according to the new JLL Q1 Phoenix Office Insight Report, but tour activity has increased, leaving many cautiously optimistic about the …

By Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator fell to 7.8 months in March, according to an ABCmember survey conducted from March 22nd to April 5th, a decrease of …

Portland Cement Association Market Intelligence Group’s Senior VP and Chief Economist Ed Sullivan recently presented their annual spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022. “Remarkably, U.S. cement consumption …

By Kidder Mathews Kidder Mathews has released its reports on First Quarter 2021 activity in the Industrial and Office sectors. Economic Overview Phoenix lost fewer jobs (on a percentage basis) than any other large metropolitan …

By Rider Levett Bucknall International property and construction consultancy firm Rider Levett Bucknall has released its latest Crane IndexÒ and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American …

By Associated Builders and Contractors National nonresidential construction spending declined 1.3 percent in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized …

By JLL In a turbulent year with overall U.S. commercial real estate volume decline, increased activity in some alternative property sectors was a bright spot for the industry. Alternatives like self-storage, life sciences, manufactured housing …

No end in sight to rising construction prices Last year ended on a high note for construction in Arizona, with a whopping 19.06 percent increase year-over-year (YOY) compared to 2019 statewide construction volume. Annual activity …

By CBRE A recent survey of commercial real estate investors ranked Phoenix as a Top-10 target among America’s metros. The Sun Belt market jumped five spots to #4 in CBRE’s 2021 Americas Investor Intentions Survey. …