Category Archives: JLL Research

Valuable expert-provided insight on the Phoenix real estate market.

The State of the Industry: Data Centers

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The first six months of 2018 revealed strong fundamentals and insatiable demand for data center space across regions. Data centers continue to be redefined as software-driven connectivity and blockchain are adopted. Providers are strategizing their offerings to meet the growing need for long-term flexibility, while providing the space and power needed from large users.

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Arizona’s #InvestInED movement continues to gain traction for November ballot

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Arizona’s recent #InvestInEd movement aims to increase statewide spending on K-12 public education via tax hikes for individuals making over $250,000 (+3.5% increase) and $500,000 (+4.45% increase) and joint filers over $500,000 (+3.5% increase) and $1,000,000 (+4.45% increase).

With the current tax rate standing at 4.54%, each mentioned segment would… Read More

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

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
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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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Defense contracts continue to find their way to Arizona

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Defense spending has been set approximately $700 billion for the year of 2018, with an array of awarded contracts finding their way into Arizona. A $16 billion increase is projected for the year of 2019.

Honeywell, Boeing, and General Dynamics continue to be consistent candidates for contracts, with smaller organizations such as… Read More

JLL Phoenix stats go digital: E-commerce, Southwest Valley dominate Q2 industrial activity

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The market has delivered 1,832,881 square feet of space in Q2 – double the amount of Q1 deliveries – while continuing to inch toward record low vacancy rates. Learn about the key trends impacting the industrial market by viewing our new digital stats landing page.

Report highlights include: