There is a funny dynamic going on in the San Francisco office market. Landlords are thrilled. The strength of the startup economy and the migration of startups from the Peninsula to San Francisco have led to the lowest vacancy rates ever and tremendous increases in price per square foot. The 42Floors research team contacted Garrick […]
Among the most desirable commercial real estate properties in the Phoenix metro area are not surprisingly, Old Town Scottsdale and the Mill Avenue region of Tempe. On their quest to find walkable neighborhoods and exceptional Class A Phoenix office spaces, companies will have to look elsewhere during this current submarket upsurge. “Both areas are […]
By most metrics, the Greater Phoenix Area has rebounded from the latest recession. Four years ago, the unemployment rate in Phoenix peaked at 12%; by the end of 2014, it had fallen to 5.8%. In Scottsdale, where economic growth has been especially strong, the unemployment rate is just 4.4%. And with this growth, the city’s commercial real estate market has experienced an upswing.