3Q2024 Metro Phoenix Retail Newsletter

3Q2024 Metro Phoenix Retail Newsletter

Phoenix’s retail market remains tight, fueled by strong demographics, income growth, and job gains that have kept space availability low. Over the past year, Phoenix absorbed 770,000 SF, ranking among the top 15 U.S. markets for retail demand, with quick-service...
Economic Update – 10.24.2024

Economic Update – 10.24.2024

SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In October 2024, the U.S. economy showed stable activity with retail sales on the rise, while mortgage demand declined amid increasing...
Economic Update – 10.10.2024

Economic Update – 10.10.2024

SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In September 2024, the U.S. labor market added 254,000 jobs, exceeding expectations, while the Federal Reserve cut interest rates by 50 basis...
Economic Update – 9.27.2024

Economic Update – 9.27.2024

SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In September 2024, the Federal Reserve cut interest rates by 0.5%, bringing them to 4.75%-5%, their first reduction since 2022. This move...