Tag Archives: agency leasing

Phoenix has the third largest net office absorption in the U.S. through two quarters

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The Phoenix office market recorded some of the highest absorption gains in the country last year. Halfway through 2017, the market is still going strong. Phoenix ranked No. 3 for positive net absorption year-to-date, trailing behind only Seattle-Bellevue (2.8 m.s.f.) and Dallas (2.6 m.s.f.).

The 1.5 million square feet of… Read More

JLL Phoenix awarded NAIOP’s Brokerage Firm of the Year

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The principal members of the Arizona Chapter of NAIOP voted JLL as the 2016 “Brokerage Firm of the Year” for making the most significant contributions to the Arizona office and industrial market. This is the third time in the past five years JLL has been honored with this award.

The recognition comes… Read More

Broker Spotlight: Liz Collins talks being a newbie in the commercial real estate industry

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collins-liz-colorThe latest issue of Commercial Executive Magazine features a father-daughter profile on Ryan Companies’ Rick Collins and JLL’s Liz Collins. In the profile, Rick and Liz discuss how they entered the commercial real estate industry and their passion for giving back through involvement with charitable organizations.

With their close bond and Rick’s impressive career, it’s not surprising that Liz was interested in joining the… Read More

Tightened Class A Office Vacancy Driving Class B Activity – Q2 Office Insight Report

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Due to the improving economic environment, tenants are finding an increasingly supply-constrained office market in the Greater Phoenix area as there are fewer ideal options to select from. As Class A total vacancy rates decrease and asking rents continue to climb, tenants in search of office space are gravitating towards Class B product. In the second quarter of 2016, Class A office space accounted for only 37 percent of the total… Read More

Fortune 50 Tenant Lands at Renovated Building in ASU Research Park

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NexusViaWest & JLL sign Fortune 50 tenant for half of building

Demand for modern office space within the ASU Research Park remains high, as confirmed by the delivery and partial lease-up of Nexus @ ASU Research Park – a 123,863-square-foot, Class A office building recently renovated and reintroduced to the market by owner ViaWest Group.

Prior to… Read More

Our Cities Research Center helps clients decide when and where to invest, develop and locate

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Our Cities Research Center, underpinned by 10 years of pioneering city research, brings together our firm-wide resources and expertise on cities around the world to help you identify new opportunities and to navigate through the New World of Cities.

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We’ve been investigating property markets in cities across continents for more than 40 years. Ten years ago, in response to the radical and growing impact of urbanization and globalization

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JLL’s Most Expensive Streets Report: Camelback Road makes the cut at #34

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Most Expensive StreetsWhat city comes top of mind when you think of high rent – for both residential and office space? New York City? You might be surprised to learn the country’s Most Expensive Street for office space is in a San Francisco suburb, according to a research study released by Jones Lang LaSalle.  The… Read More

Industrial strength

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Mark Detmer, Managing Director and Head of West Coast Industrial Capital Markets, shared his thoughts with Commercial Executive Magazine on the current state of Phoenix‘s Industrial market.

When talking Phoenix industrial product, the label “industrial strength” is a perfect fit. These are the Valley’s assets that came out of the gate strong — at the start of the recovery cycle — and have continued to… Read More

Camelback corridor could soon see a drop in office vacancy

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John-Bonnell-blogJohn Bonnell, managing director of Agency Leasing, recently shared his thoughts with the Phoenix Business Journal on the Camelback corridor and overall Valley office trends. While the Camelback corridor is widely regarded as a highly sought after submarket, recent reports indicate otherwise.

The Camelback corridor posted an average 27.4 percent vacancy rate for the first half of 2013, surprisingly higher than the Valleywide average… Read More