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 million square feet currently underway, the most seen since 2015. Over 30 percent of the construction is pre-leased, a healthy sign the market will continue to positively perform slow and steady.
- Strong demand continues:4.6 million square feet is in demand as a result of nearly 90 companies seeking varying spaces in all sizes of office product.
About the author
Jennifer Farino is a market analyst in Phoenix, responsible for tracking and analyzing all local real estate market fundamentals. She works closely with brokerage and support professionals throughout the western region as well as colleagues throughout the global JLL organization to provide best-in-class research that differentiates JLL.