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.