Tucson, Arizona, multifamily rents declined again in October
Elevated vacancy raises the prospect of finishing 2024 with negative asking rent growth
The average asking rent rate for Tucson, Arizona, apartment properties fell 0.3% in October, marking the third-consecutive month of decreases.
Phoenix apartment rents decline further as the end of 2024 nears
Vacancy shows signs of leveling off as 'heads in beds' strategy takes hold
Multifamily rents in Phoenix continued their downward slide last month as operators prioritized occupancy over top-line rent growth amid increased competition from new supply.
Phoenix’s available retail space over-indexes to older buildings and lower-income areas
Tenants find limited high-quality expansion options as available space hovers near record low
The Phoenix retail market is near the tightest level in recent memory as strong demographics, healthy income growth and steady job gains fuel robust underlying tenant demand. These...
Home Depot shutters three large US distribution centers in less than 30 days
Closings reflect broader challenges for retailers affected by low home sales and slowing residential construction
Since the end of August, at least three large distribution centers operated by Home Depot have been put back on the market for lease, all in properties that the home improvement re...
Apartment rent growth in Albuquerque, New Mexico, on pace with last year so far
Elevated concession usage persists as the market digests a record supply wave
The Albuquerque, New Mexico, apartment market recorded asking rent growth of 0.2% in August 2024, a noticeable deceleration from earlier this summer, when monthly gains eclipsed 0....
Phoenix commercial real estate sales volume hits six-quarter high
First-half investment rebounds compared to 2023 across the board
Following five consecutive quarters of tepid sales, Phoenix commercial real estate investment volume accelerated in the second quarter.
Retail construction in Phoenix’s outer suburbs outpaces more downtown areas
Developers move outside Loops 101 and 202, chasing population growth, land and limited competition
Construction has been muted in the Phoenix retail market for over a decade, as developers have shifted their focus to other property types in the wake of the Great Recession.
The Valley’s older, larger distribution centers retain tenants at one of the strongest rates in the US
Location advantage of pre-2020 properties may be keeping users in place
An unprecedented wave of supply over the past few years has driven Phoenix industrial space availability to one of the highest levels in the nation.
Apartment rents in Tucson, Arizona, lose ground in August
Luxury properties outperform other segments, bucking national trend
After a string of modestly positive rent growth for most of 2024, Tucson, Arizona, apartment properties took a step back last month.
Phoenix apartment rents continue downward slide
Multidecade high supply wave crimps Class A rent growth
Multifamily rents took another step backward last month as supply-side pressure continues to hamper Phoenix property performance.
What happened to Phoenix’s shuttered 99 Cents Only stores?
Parent company Dollar Tree capitalizes by expanding in the West Valley
Discount retailer 99 Cents Only filed for bankruptcy protection in April 2024, closing 371 stores across the United States.
Multifamily Developers Transform Downtown Phoenix Skyline
More Than 3,600 Units Built Downtown Since 2019, With Thousands More Coming
The Phoenix apartment market is navigating a multidecade-high wave of construction activity, and at the epicenter of this supply boom is downtown Phoenix.
Record Supply Additions Pour Into Phoenix Industrial Market
Pullback in Groundbreakings Indicates Peak Construction Is Likely in the Rear-View Mirror
An unprecedented wave of supply has been driving a period of dislocation in the Valley industrial market over the past 18 months.
Newly Built Properties Compose Nearly Half of Phoenix Apartment Sales So Far This Year
Merchant Developers Remain One of the Valley’s Most Active Sellers
Though headwinds facing the investment market have kept apartment sales compressed over the past 18 months, one segment has remained a consistent source of activity: new constructi...
Multifamily Rents on the Rise in Tucson, Arizona
Balanced Supply Picture Supports Post-Pandemic Gains
After suffering losses in the back half of 2023, monthly apartment rent growth in Tucson, Arizona, has moved into positive territory this year.
Phoenix Apartment Rents Extend Losing Streak
Record Supply Additions Pressure Luxury Segment's Performance
Apartment rents have been lethargic since the start of the spring leasing season as persistently elevated vacancy weighs on growth.
Phoenix Retail Availability Outperforms Nation for Over a Year
Population, Income Growth Fuel Demand While Lack of Spec Construction Dampens Supply Side Pressure
The Phoenix retail market boasts lower space availability than the United States overall, a trend that has held for more than a year.
Phoenix Office Sublease Availabilities Remain at Multidecade High
Tempe, Chandler Have More Than 1 Million Square Feet of Sublet Space on the Market
The amount of space available for sublease has risen quickly in the Phoenix office market since the onset of the pandemic as lower space-per-employee needs and tepid office-using j...
Tucson, Arizona, Multifamily Rents Struggle To Build Momentum
New Supply Pushes Down Growth at Luxury Properties
Asking rent growth at Tucson, Arizona, apartments has seesawed month to month as tepid market conditions persist into the start of the summer season.
Industrial Availability in Phoenix Is Elevated, But Size Matters
Empty Space Piles Up in Larger Buildings, While Smaller Properties Remain in Higher Demand
Space availability in the Phoenix industrial market has risen steadily over the past two years as a historic wave of new supply overwhelms resilient leasing activity.