PHX Poised to Become a Data Center Leader

By AZBEX Staff for Arizona Builder’s Exchange A recently released report from CBRE notes the Phoenix area is poised to become a leader in the data center market, as reflected by steady growth in the sector in the first half of 2017. “Phoenix is a dynamic market,” said Luke Denmon, of CBRE’s Data Center Solutions […]

Land Sales Accelerated in 1st Half

By Roland Murphy for Arizona Builder’s Exchange While pricing trends have been mixed, Phoenix area land sales in the first half of 2017 have accelerated, according to a Colliers International in Greater Phoenix report. Land parcel sales rose 11 percent from the second half of 2016, and transactions jumped 50 percent from the first half […]

Forget 2030, We’re Under-Constructed NOW!

By Thomas M. Brophy, ABI Multifamily Director of Research As one LinkedIn user lamented on all of Scottsdale’s new multifamily development, “our unofficial bird is now the Crane.” Given all the market chatter about overheated multifamily construction, both inside and outside of commercial real estate circles, I felt it prudent to dig a bit deeper […]

PHX Industrial: Lowest Vacancy Since 2006

Source: CBRE The Phoenix industrial market reflected strong growth and a healthy local economy during the second quarter. Net absorption increased from 1.67MSF during the first quarter of 2017 to 3.1MSF during the second quarter of the year. Meanwhile, overall vacancy decreased from 8.2 percent to 7.7 percent during Q2 2017 (its lowest level since […]

Phoenix Multifamily Remains Strong

By Roland Murphy for Arizona Builder’s Exchange “Phoenix is riding a wave of high performance” in the multifamily market, according YARDI Matrix’s Spring Analysis. Rents in Phoenix rose 5.1 percent year over year, significantly outpacing the national 2.7 percent rate. There are 9,000 units under construction, with another 16,000 in planning stages. Phoenix remains less […]

Reports Show PHX Retail, Big Box Doing Well

By Roland Murphy for Arizona Builder’s Exchange The Valley’s retail sector closed out 2016 on a high note, according to recently released findings by CBRE Research. The Q4 Phoenix Retail Marketview shows the quarter experienced nearly 600KSF of positive net absorption, the most in 2016, and vacancy dropped four basis points quarter-over-quarter, ending Q4 at […]