Phoenix is showing all the right symptoms of a recovering economy. The metro area continues to add jobs and has maintained a steady year-over-year growth rate of 2.5 percent for the last several quarters. Although residential housing prices have slowed their climb in the last few months, they continue to trend upwards and are 23 percent above their levels last year. Unfortunately, these indicators are… Read More
How serious of a problem is sequestration? It depends whom you ask…
What is the impact of the government shutdown on commercial real estate?
A temporary government shutdown will have minimal immediate impact on the commercial office market; essential functions will not be disrupted and the government will continue to fund its financial obligations (e.g. rent payments.)
A long-term shutdown would further delay GSA decision-making, postponing leasing decisions and likely pushing some federal leases into… Read More