The Phoenix market “runway” looks long and wide

0 CommentsBy

3131 E Camelback Road

JLL’s Q4 Office Investment Outlook identifies Phoenix as the sixth secondary market with the highest investment volume at $1.9 billion. Various sources predict strong growth within the local market for years to come:

  • Moody’s predicts 4.2% annual GMP growth in Phoenix for next four years.
  • Forbes and US Census Bureau predict Phoenix metro population to grow to 6.5 million in the next 15 years.
  • Moody’s expects Phoenix employment base to grow by more than 12% over the next four years.
  • JLL projects four more years of rental rate growth in the office market.

Learn more about the trends shaping the Phoenix and other U.S. Download JLL’s Q4 Office Investment Outlook.

Subscribe To Blog ButtonTwitter Share ButtonLinkedIn Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *