vacancy rate Archives

Arizona’s Medical Marijuana Proposition Passes, But Where Will The Dispensaries Go?

Medical Marijuana Where Will The Dispensaries Go

Arizona voters made history again this month, narrowly approving Proposition 203, the ballot initiative allowing one medical marijuana dispensary for every 10 pharmacies in the state (which translates to about 120 statewide). Under Prop. 203, patients suffering from a wide range of painful medical conditions will be able to buy small amounts of marijuana from… Read More →

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 →

3Q Figures Upbeat For Office, Industrial & Retail Market Sectors

3rd Quarter Figures Upbeat for Retail and Market Sector
by in Economy | Finance | Real Estate

The Arizona economy has marked some improvement and is much better than the public perceives, according to the Third Quarter 2010 Economic Outlook released by the Forecasting Project at the University of Arizona. However, the report also states that will it will take some time for many Arizonans to recognize the improvement in the state’s… Read More →