Phoenix one of six West region markets to drive multifamily rent growth

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As multifamily rent growth begins to slow among the nation’s biggest markets, a few markets are maintaining their strong performance and driving positive trends over the forecast horizon. Phoenix is one such market in the West region that is expected to outperform due to large corporate… Read More

3 Net Lease Industry Trends to Expect in 2017

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Mega deals in the net lease U.S. office sector propelled sales to record high volumes in the fourth quarter of 2016, including boosts in sale leaseback and corporate buyback activity. However, limited retail activity and a slowdown in industrial deal flow brought overall net lease volumes down 18.6 percent at year-end. Pricing diverged across sectors as office cap rates saw mild compression, industrial pricing stabilized, and fourth quarter retail cap rates started to soften… Read More

Broker Spotlight: Pat Harlan helps open doors, open hearts

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Three years ago, JLL’s Executive Vice President Pat Harlan was introduced to Ryan House, a unique organization designed to deliver multiple adaptive modes of on-site care to children and their families as they navigate life-limiting or end-of-life journeys. After learning more about the organization, Pat has become one its board members, currently serving as secretary.

Ryan House… Read More

Phoenix Market Data Center Expectations

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Last year was another hot year for data center activity in the Phoenix market. Below is a summary of the top three happenings and the top three expectations for 2017.

2016 Happenings

  1. CyrusOne continued to expand space on its campus in Chandler, with construction under way on a fully preleased fourth building, consisting of approximately
  2. Read More

Congratulations to our 2016 Top Producers

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We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust.

From left to right, top to bottom:
Pat Williams, Senior Managing Director
Andrew Medley, Managing Director
John Bonnell, Managing Director
Tony Lydon, Managing Director
Marc Hertzberg, Managing Director
John P. Cunningham, Executive Vice President
Charles… Read More

What’s the outlook for Data Centers in 2017?

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Big deals from major players, new economic and regulatory policy, and strategic cloud adoption are changing the game for data centers—from pricing models to location selection tactics, and everything in between. View the slideshow below to learn the top five data center trends to watch for in 2017.

 

Click here to read more about Phoenix and U.S. data center sector trends in JLL’s 2017 Data Center Perspective.

About the author

Mark BauerMark Bauer, JLL Data CenterRead More

Phoenix No. 4 fastest-growing U.S. city

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According to the 2015 Census population estimates, Phoenix gained approximately 87,988 residents from July 2014 to July 2015. Forbes ranked Phoenix No. 4 among the “Fastest-Growing U.S. Cities.”

Metro Phoenix has consistently outpaced the U.S. population growth over the last 20 years and projections show the region is expected to grow more than… Read More

Phoenix office absorption surpasses 3.1 million square feet reaching a 10-year high

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Total positive net absorption in Phoenix exceeded 3.1 million square feet for the year, the most recorded demand in the Valley since 2005 when more than 4.0 million square feet was taken up by the market.

A majority of that absorption continued to be in the Southeast Valley. For the past 10 years, the Southeast Valley has accounted for more than 67 percent of the entire Phoenix Metro office absorption when it only accounts for… Read More

Arizona’s GDP growth ranks No. 4 nationally

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According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.

Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and leasing; health care… Read More