CRE – Regional Outlook – MARKET DATA




“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur”. 




San Francisco’s Big Deal

Investment activity is still booming in San Francisco, with more than 1.8 million square feet of office space transacted for over $1.38 billion in volume during the 3Q 2016, according to Kidder Mathews. The average price per square feet rose to $840.33 — the highest price ever recorded there. The Blackstone Group scored the biggest deal in San Francisco in 3Q 2016 with $510 million purchase of the two-tower Market Center buildings from John Hancock Real Estate. Assisted by low interest rates, the city outperformed most of the country in job creation, with about 26,000 jobs added in year ending August 2016, reducing overall unemployment to 3.4 percent.


Different Parking Paradigm

Uber and Lyft are already trimming the use of paid parking garages in big cities like Chicago. While the major shift is years ahead, the gains from ride sharing and driverless cars will affect all commercial real estate sectors, from apartment towers to shopping malls. According to a report by Green Street Advisors, a drop in car ownership could cut U.S. parking needs by 50 percent in 30 years. That translates into 75 bsf of parking space, which is more than the space for all multifamily, office, shopping mall, retail strip centers, and warehouse buildings in the U.S. combined.


Nashville Hotel Prices Rock

Spurred by its record-setting tourist industry, Nashville, Tenn., has ratcheted up its average hotel rate to $261 per night, outpacing Boston at $257 and Washington, D.C., at $192. The Nashville market has more than new 11,000 hotel rooms in various degrees of construction or planning.


The Upside of Low Oil Prices

In the U.S., every one cent decrease in gas prices translates into increased consumer spending of $1 billion during the year. In turn, this jump in spending leads to stronger business profits, which creates more jobs and increases the need for office space, according to a new report on oil by Cushman & Wakefield. While Houston is one of four major global cities hit by lower oil prices, it has shown much better resilience than Moscow. Houston’s local economy has diversified since the 1980s into education, healthcare, retail, and professional services, which helped its residents and businesses buffer the losses from oil.

42-43 Regional Outlook.indd

42-43 Regional Outlook.indd

42-43 Regional Outlook.indd




Chicago Construction Is Booming

Construction in Chicago is up 19 percent from 2015 for an estimated $14.3 billion in residential and commercial projects, according to Dodge Data & Analytics. Multifamily is the big winner with a 67-percent increase compared to 2015, and developers are on track to complete 8,800 apartments in downtown Chicago and with another 3,800 planned for 2018, according to Appraisal Research Counselors.



Boston’s Warehouses Drive Vibrant Industrial Market

Vacancy dipped .5% to 9.6%, its lowest ever on 529,000 sf of positive absorption
16-quarter streak of positive absorption
6.5 msf absorbed over  four years
Lease rates dropped from $6.04 psf to $5.94 psf

Source: Transwestern RBJ 



“The Twin Cities multi-tenant market fundamentals continued to improve throughout the first half of 2016. Every sector reported positive results, and except for a few pockets of softness, every sector should see continued improvement throughout the balance of the year.” – Mike Ohmes, Transaction and Advisory Services, Cushman & Wakefield






Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me

Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a   CCIM:



Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.


I am actively looking to build relationships with Real Estate Investors and Owner Users to  broker  your land or commercial buildings in Phoenix / Scottsdale /Maricopa County  / Pinal County / Arizona.



Phoenix projected as number one US housing market for 2017


Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950


Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience


Click here to View My Listings and Profile


Click here to find out what is a CCIM:


Click here to view my website:


Click her to join my mailing list :

Walter Unger CCIM –   – 1-520-975-5207  –

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950



Timeline of Phoenix, Arizona history,_Arizona_history


Phoenix, Arizona,_Arizona



Facts of Arizona – year 1848 to 2013

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.




Check out my professional profile and connect with me on LinkedIn.

<script type=”text/javascript” src=”” async defer></script>


Follow me on Facebook:


Follow me on Twitter:

Follow Me on Google+


  1. Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix


  1. Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status



Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)



Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 


Please reply by e-mail or call me on my cell 520-975-5207


Walter Unger CCIM

Senior Associate Broker

Kasten Long Commercial Group

5110 N 40th Street, Suite 110

Phoenix , AZ 85018

Direct:    520-975-5207  

Fax:       602-865-7461

View My Listings and Profile

Join My Mailing List

What is a CCIM?

Reasons to Consider me for Commercial Referrals



Delivering the New Standard of Excellence in Commercial Real Estate 

  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P
  • Investment Real Estate


Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.