March brought continued substantial rent increases yet again. Key stats, according to Dwellsy's analysis of 509,911 available rentals: $1,850/mo: Median asking rent in March across the country 1.6%: 1 month growth in rent (vs. $1,820/mo in Feb 2022 - a 21% annualized run rate for the year) 19.4%: 1 year growth in rent vs. $1,550/mo in March 2021 30.5%: Median rent … [More]
Phoenix Market among Tops for Data Center Investor Interest, Says Survey
The strong appetite for data, fueled by continued growth in cloud computing and social media, and the emergence of new technologies such as 5G and autonomous vehicles, is driving increased investor interest in data centers, according to a new CBRE survey. Ninety-five percent of survey respondents, which include many of the world's largest institutional real estate investors, … [More]
Home Flips Increase But Profits Decline across U.S. in 2021
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its year-end 2021 U.S. Home Flipping Report, which shows that 323,465 single-family homes and condos in the United States were flipped in 2021. That was up 26 percent from 2020, to the highest point since 2006. The report reveals that the number of home flips in … [More]
Our Bioscience Economy
“If you look at Phoenix of old — if the pandemic had happened in the Phoenix of old — we’d have immediately launched into a recession, like a lot of other top markets have launched into a quasi-recession. But because Phoenix is so diversified in so many industries, the city manager announced last week we have a $76-million surplus this year. Not in a recession. We are moving … [More]
Richard J. Gray, M.D., Mayo Clinic
Bioscience may be redefining the economy in Phoenix — and even statewide. It spans sectors, connecting institutions from universities to hospital networks to private companies. In December, Mayo Clinic acquired 228 acres of land adjacent to our campus in North Phoenix, paving the way to develop a transformative biotech and life sciences corridor called Discovery Oasis. The … [More]
Selling Your Business in 2022
Given the pandemic’s impact, more business owners will likely be selling their businesses in 2022 due to the uncertainty of the economy and tax increases. This year is a great time to sell a business due to high market demand and consumer spending. As many business owners know, selling a business is no easy task. Many time-consuming steps go into selling a business. The … [More]
Study Looks at Attitudes Toward Plastic, Sustainability and Climate Change
Footprint, a global materials science technology company focused on creating a healthy planet, today released the results of a multi-country research study examining consumer attitudes toward single-use plastics and the expectations they have of brands and retailers to provide more sustainable options. The study, which was conducted by Wunderman Thompson Intelligence on behalf … [More]
Homes Remain More Affordable Than 2006 Housing Boom Peak
First American Financial Corporation (NYSE: FAF), the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the January 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the … [More]
