The financial gridlock that has frozen Phoenix-area commercial-real-estate sales over the past three years has begun to break up, according to brokerage-firm executives...[...more...]
Third-quarter average rent for retail properties was $15.71 per square foot, down from $17.37 a year earlier.
Of particular concern, the company said, was the notable increase in available "big-box" space, which CB defines as single-tenant retail properties of at least 10,000 square feet...[...more...]