Category Archives: Retail News & Trends

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

Net lease momentum isn’t slowing

0 CommentsBy

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.

It should be a good second half of the year
Read More

12 transformations in the retail industry for the next 25 years

0 CommentsBy

A part of your job as a retailer or shopping center owner is future-proofing your business. But with so much else to do, there’s little time to think about the future. You’re busy just trying to get through the day. Don’t panic. JLL’s new Retailers Guide to the Galaxy will help you… Read More

Phoenix unemployment rate reaches 10-year low

0 CommentsBy

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. Mining, Logging &… Read More

Maricopa County has the highest annual population growth in the United States

0 CommentsBy

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 span, making it… Read More

Phoenix is one of the fastest-growing metropolitan areas in the U.S.

0 CommentsBy

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.

Of the top ten metro areas with the highest… Read More

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

0 CommentsBy

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 identified as a top 30 city for global real estate investment

0 CommentsBy

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

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

0 CommentsBy
Click on image to view larger.

Click on image to view larger.

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

3 Net Lease Industry Trends to Expect in 2017

0 CommentsBy

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

Phoenix No. 4 fastest-growing U.S. city

0 CommentsBy

COW-Jan16-PhoenixNo.4Fastest-growingUScity-Cropped

According to the 2015 Census population estimates, Phoenix gained approximately 87,988 residents from July 2014 to July 2015. Forbes ranked Phoenix No. 4 among the “Fastest-Growing U.S. Cities.”

Metro Phoenix has consistently outpaced the U.S. population growth over the last 20 years and projections show the region is expected to grow more than… Read More