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Sluggish Demand for Office Space in Metro Phoenix Continues

Sluggish Demand for Office Space in Phoenix
by in Economy | Real Estate

The Phoenix office market continued to feel the effects of a sluggish and wavering economy, according to Cassidy Turley BRE Commercial’s 3Q 2010 office market trends report released today. Economic indicators remain mixed causing uncertainty as to whether our economy is headed into a “double dip” recession or a period of slow growth. The best… Read More →

Vacancy Rising In Phoenix Despite Construction Pullback

Vacancy Rising in Phoenix
by in Economy | Real Estate

Though employment growth will stimulate an increase in retail sales in 2010, the job additions will not be sufficient to prevent the vacancy rate in Phoenix from rising for the fifth consecutive year, according to the latest Retail Research market update from Marcus & Millichap. Unlike previous years when excessive construction drove vacancy increases, lagging… Read More →