by Alyxandria Carter | May 1, 2024
In Q1 2024, the Phoenix multifamily market showed signs of recovery, driven by reduced inflation and increased consumer confidence, boosting renter household formation and tenant demand. Despite continued growth in new housing developments, there was a stabilization...
by Alyxandria Carter | May 1, 2024
As we approach the second half of 2024, Phoenix’s retail market is experiencing historically tight conditions, driven by strong demographic trends, sustained income growth, and significant job gains. These factors, along with a modest construction pipeline and...
by Alyxandria Carter | May 1, 2024
The Phoenix office market is facing significant challenges, with vacancy rates steadily increasing since Q4 2019, a trend accelerated by the expiration of pre-pandemic leases and shifting tenant demand dynamics. This increase in vacancies is expected to continue as...
by Alyxandria Carter | May 1, 2024
Phoenix’s industrial sector has seen a surge in development, with a record 39.5 million square feet of new space delivered over the past year, pushing the vacancy rate from 4.2% in mid-2022 to 10.0% by Q2 2024. Despite this, demand remains strong, particularly...
by Alyxandria Carter | Apr 26, 2024
SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends. In the first quarter of 2024, the US economy experienced a modest 1.6% annualized expansion, falling short of the 2.5% forecasted pace,...
