Healthcare real estate is being transformed as we speak. How? Two trends have emerged to illustrate the changing market.
1. The “retailization” of healthcare is on – and more is on the way. The growing and shifting healthcare landscape is continuing to push real estate strategies outside traditional settings. Healthcare providers… Read More
The Southeast Valley has historically been known as a hot area for smaller industrial users ranging from 15,000 to 40,000 square feet. However, recent demand from the aerospace, defense, high-tech/advanced manufacturing, semiconductor and pharmaceutical/nutraceutical industries are calling for more space ranging from 30,000 to 60,000 square feet.
In addition to the Phoenix office leasing marketing reaching its nineteenth straight quarter of positive office absorption, the office sales market also performed well with 18 sales totaling $293 million. The average price per square foot of these transactions was $139.07 with an average cap rate of 7.17%.
Glass ceilings? Closed doors? Not at JLL. We recognize the success and achievements of the amazing women throughout our firm. In celebration of Women’s History Month, we’d like to highlight a few of the strong, smart, and ambitious women of JLL. We appreciate them not only this month, but every day. We hope they inspire you like they inspire us.
Meet Kiana Cox
Kiana is our Senior Research Analyst in Phoenix. She is… Read More
Metro Phoenix recorded a whopping 9.8 million total square feet of industrial absorption in 2017. This is the largest annual net absorption gain in Phoenix history. The total also marked the fourth consecutive year of annual net absorption in Phoenix, totaling 6.0 million square feet or more, which has not been seen since 2004-2007. The previous peak of nearly 7.9 million square feet in 2005 fell in the middle of one… Read More
In February, our JLL family welcomed Jennifer Farino to our Research department. Jennifer brings 5 years of experience in analyzing and reporting on the Phoenix commercial real estate market. She works closely with brokerage and support professionals throughout the western region, as well as colleagues throughout the global JLL organization, to… Read More
Metro Phoenix recorded 2.1 million total square feet of office absorption in 2017. This marks the fourth straight calendar year with at least 2.0 million square feet of positive absorption gains, the longest streak of its kind ever recorded in the Phoenix office market. The total also ranks Phoenix as the fourth highest market with absorption gains in the United States. Phoenix ranks behind… Read More
Declining revenues. Aging facilities. Rising pension liabilities. These factors, combined with the pressure of delivering a high-quality, high-tech campus experience that younger generations expect, and it’s clear that higher education leaders here… Read More
The growing momentum in the global economy has forged a new path for the law firm real estate market. With more than 65 million square feet of new office supply under construction in just the U.S. alone, law firms are finding myriad choices for both location and space that’s… Read More