Remember what you paid as rent for your first apartment? That first rent payment probably felt like a real dent in your paycheck. But I guarantee you it’s not anything like today’s rents. Apartments have been on fire for a LONG time this cycle. While I think there is still room for this market niche to … Continue reading US Apartment Rents are CRAZY
As technology has advanced over the past decade, the number of freelance and remote office professionals has increased dramatically. With only an internet connection, employees can work virtually anywhere, and many companies are embracing the perceived benefits (including less money spent on office space) of allowing employees to work remote.However, among this trend, IBM announced a … Continue reading Is the Pendulum Swinging Back?
The second quarter was not quite as busy as the first, but there is still good news as our market slowly (painfully slow) continues to improve. Vacancy held steady at 18.8% despite new construction, and we continued our streak of continuous positive net absorption (job growth). We haven’t had negative net absorption since 2009. The pace of … Continue reading 2-Minute Phoenix Metro Office Update: Q2 2017