Industrial Absorption Also Strong

Here's a look at the rolling annual absorption as of the four quarters ending as shown:



As you can see, the absorption is substantially outpacing new deliveries of industrial space:

 
Office Market Absorption Strong

As you can see from this graph:



The square footage shown is a rolling total of the prior four quarters. As you can see, absorption has climbed quite a bit, while new deliveries of office space have slowed:

 
Scottsdale Sales Tax Receipts Show Slowing Construction, Strong Retail Sales

Although Scottsdale's overall sales tax receipts are down by 0.8% over last year, when you look at the breakdown the picture becomes quite positive for real estate investors:

Category fiscal year-to-date changes over prior year: automotive -8.7 percent, construction -21.2 percent, food stores -3.6 percent, hotels and motels +15.5 percent, major department stores +26.2 percent, miscellaneous retail +2.6 percent, rental +7.7 percent, restaurants +7.6 percent, and utilities +0.5 percent.

Declining construction, increasing rentals, increasing tourism and sharply increased department store sales are all good signs for commercial property investors. Food stores down, restaurants up; sounds like more people are eating out.

 
An updated version of Monopoly is coming out which includes Camelback Mountain:

In finishing 11th, Camelback Mountain now sits on the red space occupied by Kentucky Avenue in the original Monopoly board. It will be flanked by Disney World and Waikiki Beach.

 

 

 
We hope to use this blog to keep in touch with our existing clients and meet new friends as well!

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