Category Archives: Investor News & Trends

Valuable expert-provided insight for investors of office, industrial, multifamily, retail and data center property located within the Phoenix market.

Arizona State University recognized for innovation driving economic growth in Phoenix

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Arizona State University (ASU) ranked 21st in the Milken Institute’s “University Technology Transfer and Commercialization Index.” The Index quantitatively measures how public and private universities capitalize on their research success by converting it for private-sector applications.

With an index score of 100, the University of Utah ranked first in the study followed closely… Read More

Fewer bricks, more clicks, & virtual tellers: Five Changes on the Horizon for Branch Banks

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The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”

The days of the bank branch being the most immediate and visible way customers interact with banks are long gone. The… Read More

Phoenix tech sector continues to thrive

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According to a recent report released by the Computing Technology Industry Association, the average annual salary of a tech employee in Phoenix was $98,870 in 2016. Workers employed in the Phoenix tech sector earn nearly twice the average metro area salary of $50,200.

Arizona ranked ninth nationally with 48.3 percent of all tech… Read More

Average office asking rent increases to the highest level since 2008

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The average asking rent in Metro Phoenix reached $24.91 per square foot (Full Service Gross) in in the first quarter of 2017. Asking rents have increased 4.9 percent from one year ago and have surged 22.8 percent since 2012.

Phoenix asking rents are still 7.1 percent below the pre-recession peak of $26.82 set… Read More

History Repeating: JLL Q1 Report Shows Highest Phoenix Office Rents Since 2007

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Even with more than 1.1 million square feet of new space delivered in the first quarter of the year, average asking rents for Phoenix office product has increased to the highest level in nine years, according to the JLL’s Q1 2017 Phoenix Office Insight report released. Reaching $24.91 per-square-foot, today’s Phoenix office rent average is just 7.1 percent lower than the pre-recession high of $26.82, set in Q4 2007.

Phoenix identified as a top 30 city for global real estate investment

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The latest edition of JLL’s Investment Intensity Index has Phoenix making the cut. The “Valley of the Sun” took the 27th spot on the top 30 list for global real estate investment intensity.

High-tech and innovation helped Phoenix rise on the prestigious list, which included several small to midsized “New World Cities” with similar population levels (1 to 5 million).… Read More

The Phoenix market “runway” looks long and wide

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3131 E Camelback Road

JLL’s Q4 Office Investment Outlook identifies Phoenix as the sixth secondary market with the highest investment volume at $1.9 billion. Various sources predict strong growth within the local market for years to come:

  • Moody’s predicts 4.2% annual GMP growth in Phoenix for next four years.
  • Forbes
  • Read More

Phoenix has the lowest cost of congestion among top 25 U.S. cities

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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 of congestion among… Read More

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

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Kitchen and living room of loft apartment

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