At the end of 2016, mega deals in the net lease United States office sector has propelled sales to record high volumes while retail activity remained limited and a slowdown in industrial activity was starting to occur. How does the net lease sector look six months later? We sat down with our national experts, Tivon Moffitt, Peter Bauman and John Paul Mulhern for an update.
Total non-farm employment in Metro Phoenix reached 2,023,400 payrolls in April 2017, representing an annualized increase of 48,800 jobs. As a result, unemployment was reported at 3.9 percent in April, down 60 basis points from one year prior. This is the lowest unemployment rate we’ve seen in Metro Phoenix in ten years.
Job growth was led by the Leisure & Hospitality and Financial Activities sectors, which added 14,700 jobs and 8,800 jobs, respectively.… Read More
How can we improve the health of our communities, while also reducing costs and maintaining high-quality care? And how will we pay for it? These are the most vexing questions facing healthcare executives nationally and in our local communities.
Typically, the real estate in a healthcare system’s footprint represents one of the largest sources of value—and capital investment—for the system. Drive through Phoenix today and you’ll see more ambulatory facilities, urgent care… Read More
Maricopa County grew by 81,360 residents between July 1, 2015 and July 1, 2016, the largest population gain in the nation. Harris County, Texas, had the second-largest net migration, growing by 56,587 people over the same time period.
The city of Phoenix added approximately 32,113 residents over the same time… Read More
Greater Phoenix is the eighth best metro for entrepreneurs in the nation, according to the 2017 Kauffmann Startup Activity Index which tracks startup growth in the U.S. The Grand Canyon State earned the No. 4 spot for state startup activity, just behind California, Texas and Florida
You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated… Read More
Phoenix’s population rose from nearly 4.2 million to more than 4.6 million from 2010 to 2016 based on new population estimates released by the U.S. Census Bureau. Metro Phoenix averaged a total net increase of over 1,436 persons per week over that time period.
According to the “2017 Most Wanted Tech Employee” report, Arizona State University ranked 10th and University of Phoenix ranked 22nd in volume of hires made by the top 25 Silicon Valley companies in 2016.
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… Read More
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… Read More