The first six months of 2018 revealed strong fundamentals and insatiable demand for data center space across regions. Data centers continue to be redefined as software-driven connectivity and blockchain are adopted. Providers are strategizing their offerings to meet the growing need for long-term flexibility, while providing the space and power needed from large users.
Venture capitalists invested $1.05 billion in global construction technology (ConTech) in the first half of 2018. The investment volume of 2018 is already up nearly 30 percent over the 2017 total – and there’s still another six months left in the year. ConTech’s growth is enticing to users and investors alike, with investment growth actually outpacing overall tech startup investment growth in the United States.
The Phoenix Metropolitan area reached a total of 4.8 million residents and counting at the end of Q2 2018 and is currently the 11th largest metro throughout the country.
Although the city of Phoenix will remain the major population center for the region, Chandler and Gilbert are making large strides… Read More
Technology has affected banking and financial services and how they are evolving. Four themes have emerged to illustrate the rapidly changing industry.
- Integration, integration, integration!
With so many new lines of business, financial service companies became challenged on how best to integrate functions to be more efficient, serve customers at the highest … Read More
The Phoenix office Valuation and Advisory team has a new teammate, Senior Vice President Lou Newman. Lou has joined Vice President Stephanie Rinard to help grow the Valuation and Advisory platform in Phoenix. We sat down to get to know them better.
What is valuation and advisory services and how does it differ from… Read More
We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust. Their collaborative efforts to make sure their clients achieved their goals are truly a representation of our culture at JLL.
JLL Chief Economist Ryan Severino recently visited Phoenix to present his views on today’s U.S. economy and the impact national conditions may have on the Phoenix commercial real estate market. Here are his top 4 takeaways.1.Goldilocks economy should continue, with the potential for upside depending upon policy.
Global growth continues to accelerate… Read More
As the real estate market continues to appreciate in value, commercial real estate owners are advised to review and, if prudent, appeal property tax assessments. Counties in Arizona, Utah and California have or will be issuing assessment notices and hearing appeals in the fall providing an opportunity for commercial… Read More
Don’t blink—today’s data center landscape is changing fast, as leading providers and users strive to stay competitive amidst rapid change. With record-breaking activity in M&A and data center construction in North America up a whopping 43 percent in the first half of the year, 2017 promises to be an… Read More
In 2016, approximately 43 million people visited Arizona spending a record $21.2 billion in the state. The Phoenix MSA accounted for more than 65.5 percent, or $13.9 billion, of all spending in Arizona. With an estimated Gross Domestic Product of $9.2 billion, tourism is the number one export industry in the state.