Invest in AZ with Carrick Sears

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Invest in AZ with Carrick Sears

Dedicated to helping clients obtain wealth from real estate investing in AZ through commercial and mu

06/06/2026

Taiwan Semiconductor Manufacturing Company (TSMC) continues to reshape the Phoenix real estate landscape as it invests $165 billion into a massive semiconductor manufacturing campus in North Phoenix. The project is driving significant demand across industrial, multifamily, office, retail, and hospitality sectors as suppliers, contractors, and skilled workers flock to the region. Developers are aggressively pursuing land near the campus, with industrial vacancies declining and absorption accelerating as businesses seek proximity to one of the largest economic development projects in U.S. history.

The long-term impact extends far beyond industrial real estate. TSMC's expansion is expected to create tens of thousands of jobs, fuel population growth, and support major mixed-use, housing, retail, and infrastructure developments throughout the Valley. With additional fabrication plants, research facilities, and supplier networks planned over the coming years, many industry experts view TSMC as a transformational economic catalyst that will continue driving investment opportunities and real estate demand across the Phoenix market for years to come.

https://www.bisnow.com/phoenix/news/industrial/developers-race-to-grab-space-as-tsmc-speeds-up-chipmaking-fabs-134745

06/05/2026

Despite many large employers maintaining or slightly increasing return-to-office requirements, office attendance has not continued the momentum seen in 2025. According to a recent Savills report, office visits averaged 67% of pre-pandemic levels in March 2026, down from a recovery high of 75% reached last year. While some employers have tightened attendance expectations, most workplace policies have remained largely unchanged, suggesting that simply requiring more days in the office may not be enough to significantly increase workplace utilization.

Hybrid work continues to dominate corporate America, with fixed hybrid schedules remaining the preferred model across most industries. Nearly 90% of Fortune 200 companies maintained their existing workplace strategies, with the majority requiring employees to be in the office three to four days per week. For office investors and occupiers, the data reinforces the idea that hybrid work is becoming a long-term reality, influencing everything from space planning and leasing decisions to future office demand and investment strategies.

https://www.globest.com/2026/06/01/office-visits-retreat-from-2025-high-despite-modestly-stricter-rto-policies/

06/04/2026

The Federal Reserve relies on several key economic benchmarks when making interest rate decisions, and understanding them can help commercial real estate investors better anticipate changes in borrowing costs and market conditions. Four important measures include the neutral interest rate (r*), the natural rate of unemployment (u*), potential economic growth (y* or g*), and the Fed's inflation target (π*). While these indicators are rarely discussed outside economic circles, they play a significant role in determining whether monetary policy becomes more restrictive or accommodative.

For commercial real estate investors, these benchmarks help explain why strong economic news can sometimes be a mixed blessing. Healthy job growth and strong tenant demand often support occupancy and rent growth, but they can also increase the likelihood of higher interest rates that impact valuations, refinancing, and transaction activity. As market conditions continue to evolve, understanding how the Fed interprets these signals can provide valuable insight into the direction of capital markets and commercial real estate performance.

https://www.globest.com/2026/05/27/four-fed-benchmarks-every-cre-investor-should-watch/

05/19/2026

I was happy to attend the grand opening of Blue & Stone Bisbee
We placed the tenant underneath the Letson Loft Hotel. Owner Casey has a lot of experience in men’s fashion working corporate jobs for various retailers, and this is his first venture out on his own! What makes this addition even more special is the connection with neighboring women’s boutique PanTerra Gallery. The two shops even share a connecting door so customers can easily flow between both stores and enjoy the experience together. It is such a thoughtful and community-driven concept that fits Bisbee perfectly.

02/13/2026

Commercial real estate underwriting is resetting as investors prepare for a $190 billion loan maturity wall between 2026 and 2028 and accept that higher interest rates may represent a “new normal,” rather than a temporary phase. According to insights from Trepp, investors are shifting away from strategies that depend on cap-rate compression or cheaper refinancing and instead focusing on lower leverage, stronger equity positions, and assets with durable, near-term cash flow.

As noted by Trepp executives Lonnie Hendry and Steven Buschbaum, capital is increasingly selective, concentrating on well-located properties and clean business plans that pencil at today’s rates. Multifamily remains a key stress point due to prior aggressive assumptions, but overall delinquency levels remain contained. The emerging theme for 2026–2028 is “optimistic but realistic” underwriting—where upside is treated as optional, not essential, and deals are justified by conservative rent growth, higher operating costs, and refinance scenarios that work without relying on rate relief.

02/12/2026

Metro Phoenix enters the new year with a strong development pipeline led by high-profile projects such as Taiwan Semiconductor Manufacturing Co.’s massive north Phoenix campus, where tens of billions in investment are planned.

Beyond semiconductor manufacturing, data center proposals continue to surge as developers race to support the growing power demands of artificial intelligence, though these projects are also prompting increased public scrutiny over location and resource use.

At the same time, Phoenix’s hospitality sector is outperforming most U.S. markets, residential development is expected to stabilize after years of rapid growth, and large-scale mall redevelopments are reshaping retail into modern mixed-use destinations.

02/11/2026

Once seen mainly as a weekend retreat from desert heat, Northern Arizona is emerging as a serious economic contender. Cities like Flagstaff and Show Low are investing heavily in infrastructure, workforce housing, innovation hubs, and industry diversification—attracting companies in aerospace, advanced manufacturing, logistics, and outdoor-focused sectors.

Flagstaff’s sustainability-focused tech ecosystem (powered by Moonshot and NAU partnerships) and Show Low’s pro-growth, business-ready environment are reshaping the regional economy. Housing initiatives targeting local workforce incomes and major infrastructure projects like the Downtown Connection Center are laying the groundwork for long-term expansion.

As temperatures rise in the Valley and companies seek cooler, scalable locations with available land and workforce, Northern Arizona is increasingly positioned as a strategic growth alternative.

02/10/2026

The U.S. hotel market in 2025 showed a widening gap between luxury and economy properties, reflecting a “K-shaped” consumer economy. Luxury hotels benefited from higher-income travelers willing to pay for premium experiences, with RevPAR rising 3% as room rates increased and occupancy held steady.

Meanwhile, budget-conscious consumers reduced travel and spending, driving a 4.4% RevPAR decline in economy hotels and pressuring limited-service properties. Corporate and international travel softened, and cruise demand diverted some leisure travel from hotels.

Looking ahead to 2026, this divide is expected to continue, with luxury segments seeing modest growth while economy and limited-service hotels face further deceleration despite temporary boosts from major events like the FIFA World Cup and long-weekend travel patterns.

02/03/2026

Join us for an important conversation on Debt Service Coverage Ratio (DSCR) and how to navigate your annual lender review.

Every spring, lenders review your property’s financials to determine whether you still meet your DSCR covenant. This year, enforcement is getting stricter, and how you present your numbers matters more than ever.

Hear directly from a lender about:
• What they look for in your financials
• Common red flags
• How to legitimately improve your DSCR
• What’s changing in today’s lending environment

Learn how to review your income and expenses strategically and avoid costly mistakes before submitting your reports.

RSVP: [email protected]
Please indicate whether you will attend in person or online.
Please indicate whether you will attend in person or online.

01/19/2026

Economic Snapshot: Key Trends Shaping 2026-

Recent economic data points to a cooling but resilient U.S. economy as we head into 2026. Inflation remains elevated but continues to moderate, with core CPI holding at its lowest levels since 2021 despite shelter and food costs remaining key drivers. The labor market is showing clear signs of softening, with slower job growth, a gradual rise in unemployment, and declining job openings, yet hiring remains steady in healthcare and service-related sectors, keeping recession risks contained for now.

Consumer activity remains a bright spot. Retail sales rebounded strongly in November, driven by auto sales and solid holiday spending, signaling that households are still willing to spend even amid higher prices and tighter financial conditions. At the same time, logistics activity slowed late in 2025 as inventories were aggressively drawn down, tightening freight markets and pushing transportation costs higher, though expectations point to renewed expansion in early 2026.

From a real estate perspective, institutional ownership of single-family rentals remains a small share of total housing stock, and economists largely agree that housing affordability challenges stem more from supply shortages than investor activity. Capital markets showed mixed performance in 2025, with REIT returns varying widely by sector healthcare, industrial, and lodging outperforming, while office and self-storage lagged.

Looking ahead, emerging industrial markets such as Boise, Albuquerque, El Paso, and Omaha are attracting increased attention due to strategic logistics positioning and specialized demand. The office sector is also entering a new phase, shifting from crisis management to performance-driven strategies as hybrid work becomes more structured and capital refocuses on high-quality, adaptable assets.

Overall, the data suggests a slower-growth environment, but one that continues to reward well-located, well-designed, and operationally efficient real estate across key sectors.

Address

5343 N 16th Street #100
Phoenix, AZ
85016

Telephone

+14804255529

Website

http://www.SVNDesertCommercial.com/

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