The Phoenix market “runway” looks long and wide

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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.

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