Venture capitalists invested $1.05 billion in global construction technology (ConTech) in the first half of 2018. The investment volume of 2018 is already up nearly 30 percent over the 2017 total – and there’s still another six months left in the year. ConTech’s growth is enticing to users and investors alike, with investment growth actually outpacing overall tech startup investment growth in the United States.
In the midst of one of the longest economic expansions, overall vacancy rates continue to fluctuate.
Core vacancy rates are the highest, however, class A office and multifamily developments and ASU’s growing Downtown campus will begin to attract an educated workforce to live, work and play. Block 23 leads Downtown’s overall class… Read More
The Phoenix Metropolitan area reached a total of 4.8 million residents and counting at the end of Q2 2018 and is currently the 11th largest metro throughout the country.
Although the city of Phoenix will remain the major population center for the region, Chandler and Gilbert are making large strides… Read More
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 … Read More
The JLL family welcomes Chris Beall and Brendan Satran to the Phoenix office as new associate brokers. Chris Beall has partnered with John Bonnell, Chris Latvaaho and Brett Abramson. He specializes in agency representation for office properties. Brendan Satran has partnered with Steve Larsen and Bill Honsaker. He specializes in tenant and agency representation for industrial properties. We sat down with them to get to know them better.
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
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
The 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
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
ViaWest & 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