Growth among traditional and non-traditional industrial users continues to push the Phoenix industrial market forward. This is particularly true in Scottsdale and Deer Valley, where asking rents surged as much as 30 percent in the first quarter of the year as demand surpassed new product in Scottsdale and matched new supply in Deer Valley, according to our Q1 2017 Phoenix Industrial Insight report.
While the average asking rental rate for local industrial space… Read More
According to INRIX Global Traffic Scorecard, traffic congestion cost drivers in the United States nearly $300 billion in 2016, or an average of $1,400 per driver. Phoenix and Detroit tied for the lowest cost… Read More
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… Read More
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… 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.
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… Read More
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… Read More
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… Read More
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… Read More