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 orders and impact of coronavirus. The office sector posted its 33rd consecutive quarter of positive net absorption and office vacancy remains below 15 percent.  The Phoenix-Mesa-Scottsdale MSA unemployment rate peaked in April at 12.5 percent. Yet, Arizona’s economy […]

Multifamily Report Shows Sector’s Uncertainty

Source: ABI Multifamily   ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With […]

Decade of Renter Continues Market Stability

By Roland Murphy for Arizona Builder’s Exchange The “Decade of the Renter,” as the current state of housing has been called by ABI Multifamily Research Director Thomas Brophy, continues unabated. In the company’s Q1 2018 market analysis for the Phoenix MSA, he writes, “We are living through a tectonic demographic shift pushing us further and […]