Category Archives: Industrial / Logistics News & Trends

Valuable expert-provided insight for investors and users of industrial property located within the Phoenix market.

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

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

Arizona’s GDP growth ranks No. 4 nationally

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PowerPoint Presentation

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

Strong big box speculative construction and leasing expected in the West Valley in 2017

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Southwest Industrial Center, owned by Hines, leased by JLL

With ample land available for development and relatively low construction costs, users in the Phoenix industrial market often decide to build their own facility instead of leasing space in existing properties. However, leasing activity in existing properties surpassed 13.6… Read More

Move over office users, Tempe is also a hot spot for industrial

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Although Tempe is often considered one of the most popular office submarkets in the Valley, it is also a popular destination for small- to medium-sized industrial users who don’t fit into the big box industrial space in the Southwest Valley. Like the tech tenants that have flocked toward the centrally located city, a wave of nutraceutical companies have taken advantage of the Class A and B product that is often unavailable on a smaller… Read More

JLL Phoenix Broker Spotlight: The generosity of Bill Honsaker

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JLL’s Managing Director Bill Honsaker with residents of Malawi.

If  you are involved in Phoenix industrial real estate or attend Greater Phoenix Economic Council events, you most likely know JLL’s Managing Director Bill Honsaker as very experienced broker willing to work hard for all of his clients. But what you may not… Read More

New industrial construction driving rental rate increases across Phoenix

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AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

The increase in new industrial development seen in the last few years has added quality, functional Class A space to the market, and tenants are willing to pay premium rental rates in order to relocate… Read More

Phoenix’s Northwest submarket poised be the next industrial hot spot – Q2 Industrial Insight Report

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The Northwest is Phoenix’s third-smallest industrial submarket behind 51 Corridor and Scottsdale, but it is posting big activity, attracting two of the largest owner-built facilities of the year:

  • REI — A 400,000 square foot fulfillment warehouse in Goodyear
  • IRIS USA — A 384,373 western regional headquarters in Surprise

Both REI and IRIS praised the cities of Goodyear and Surprise, attributing business-friendly environments and “holistic communities” as reasons for locating in the Northwest. But the submarket has much… Read More

The interesting former lives of our brokers

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IMG_3997For many brokers, real estate wasn’t always their career path. That is true for three JLL brokers featured in the most recent issue of Commercial Executive Magazine. In the article “The Most Interesting Executives,” JLL’s Executive Vice President Andrew Medley, Vice President Steve Larsen and Senior Vice President Rick Collins share details about their former athletic careers.

Medley and Collins have ties to the sport of golf, Medley as a… Read More

The professional and business services sector leads Phoenix employment gains

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Phoenix Employment Update -04 2016

Click on image to view full report.

According to the BLS, total non-farm employment in Metro Phoenix reached 1,964,800 payrolls in February 2016, representing an annualized increase of 67,000 jobs or 3.5 percent. Meanwhile, unemployment continues to improve, decreasing to 4.6 percent, down 80 basis… Read More