by Alyxandria Carter | Feb 23, 2024
SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In January, the Consumer Price Index (CPI) in the U.S. increased by 0.3% month over month and 3.1% annually, surpassing market expectations...
by Alyxandria Carter | Feb 5, 2024
The Phoenix multifamily market faces challenges as a surge in construction overshadows the rebounding rental demand, leading to weakened market conditions for consecutive years. The vacancy rate stands at its highest in over a decade at 10.8% as of early 2024, driven...
by Alyxandria Carter | Feb 5, 2024
The Phoenix retail market is thriving ending 2023 and into early 2024, boasting multi-decade bests in vacancy rates, space availability, and rent growth. Tenant demand for retail space remains robust, driven by net migration, population growth, and rising incomes,...
by Alyxandria Carter | Feb 5, 2024
Into the last quarter of 2023, the impact of pandemic-induced shifts in demand continues to cast uncertainty over the market. Despite being more than four years removed from the onset of COVID-19, tenants continue to reevaluate the efficiency and size of their office...
by Alyxandria Carter | Feb 5, 2024
In the fourth quarter of 2023, the Phoenix Industrial market grapples with a significant supply surge, as over 23 million square feet were delivered in the latter half of the year. This influx, surpassing the combined completion total of 2017 to 2019, has caused...
