Category Archives: Office News & Trends

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

ConTech’s: The startups that are changing the world of construction

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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.

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Vacancy rates beginning to flatline despite continued economic activity

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In the midst of one of the longest economic expansions, overall vacancy rates continue to fluctuate.

 

Core vacancy rates are the highest, however, class A office and multifamily developments and ASU’s growing Downtown campus will begin to attract an educated workforce to live, work and play. Block 23 leads Downtown’s overall class… Read More

Phoenix metro sustains healthy population growth

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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

JLL Phoenix’s Andrew Medley honored as one of PBJ’s 40 under 40

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Every year The Phoenix Business Journal recognizes 40 young business leaders for efforts in their community and companies. The candidates are evaluated on business success, community involvement, leadership ability and influence. The honorees come from various industries and will join more than 680 alumni that have been recognized over the years. Yesterday, JLL’s Managing Director Andrew Medley was one of these honorees.

Twenty straight quarters of positive office absorption

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Metro Phoenix has seen a trend like no other before, the end of second quarter 2018 it marked its 20th straight quarter of positive absorption recording at 327,392 square feet and reaching just over a million square feet of YTD absorption.

The strength of the under construction product in also another strong… Read More

Technology driving amazing growth, at least for now…

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Technology has affected banking and financial services and how they are evolving. Four themes have emerged to illustrate the rapidly changing industry.

  1. 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
  2. Read More

JLL stats go digital: Strong demand for office continues

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Solid fundamentals held through the first half of 2018 show signs of a continuing healthy market. Learn about the key trends impacting the office market by viewing our new digital stats landing page.

Report highlights include:

  • Construction increases: Construction ramped up during the second quarter of 2018 with over 2.7
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Lou Newman adds to the Valuation and Advisory team in Phoenix

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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 fromRead More

Stream Logistics builds a quality office to match their culture

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Before moving to The Quad in South Scottsdale, boutique logistics company Stream Logistics was seriously overcrowded. The company couldn’t grow operations and employees felt disconnected.

The company set out to not only find a solution that would give them more room to grow, but also to build a quality office where employees would be excited to work. Their bright and energetic new 12,500 square foot space is one the team is proud… Read More

Varsity Tutors makes employees feel at home with a new office

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How their new space gives employees workspace options

Varsity Tutors is a live learning platform that connects experts with learners in any subject anytime, anywhere. After years of cultivating a primarily work-from-home workforce, the company was in high-growth mode and needed room to expand their Phoenix office.

As an education company, it made sense that Varsity Tutors looked for a home close to Arizona State University, ranked the Most Innovative School in America.… Read More