Phoenix Retail Posts Positive Net Absorption in Q3

Source: Colliers International  The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively low unemployment and small business closures.  During third quarter, Greater Phoenix posted a 1.7 percent increase in unemployment, finishing September […]

2019 Medical Job Increase Fuels Market

Source: Colliers International in Arizona The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of medical office space reached nearly 100KSF during […]

Construction Labor Market Still Jumps

By Roland Murphy for Arizona Builder’s Exchange Three recent reports show the economy is buzzing right along, but more frequent concerns are being expressed. The first, a Nelson J. Schwartz article published in the New York Times, pointed out the economy added 223,000 jobs in May – 33,000 more than experts had expected – to […]

Const. Employment Up In 39 States for Year

Source: Associated General Contractors of America Thirty-nine states added construction jobs between March 2016 and March 2017 while 17 states added construction jobs between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data released last month. Association officials noted that contractors in most states remain busy […]