Tag Archives: Arizona

Flix Brewhouse Cinema Eatery Coming to Peoria, Arizona

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Upscale cinema and on-site craft brewer Flix Brewhouse™ is coming to the southeast corner of Lake Pleasant Parkway and Happy Valley Road in Peoria, Arizona.

Flix Brewhouse™, the world’s only combination first-run cinema and dine-in microbrewery, will become the entertainment anchor at the southeast corner… Read More

Arizona’s GDP growth ranks No. 4 nationally

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PowerPoint Presentation

According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.

Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and… Read More

Move over office users, Tempe is also a hot spot for industrial

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Although Tempe is often considered one of the most popular office submarkets in the Valley, it is also a popular destination for small- to medium-sized industrial users who don’t fit into the big box industrial space in the Southwest Valley. Like the tech tenants that have flocked toward the centrally located city, a wave of nutraceutical companies have taken advantage of the Class A and B product that is often unavailable… Read More

Tech heats up in Arizona

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According to JLL’s U.S. Technology Outlook, Phoenix has become a magnet to tech entities, thanks to its lower cost of doing business, including average office rents of $23.94 per-square-foot (PSF), and its educated workforce, with 29 percent of the population holding a bachelor’s degree or higher.

Keith Lammersen, JLL Tenant Representation“Companies coming from markets like

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State income required to amortize state debt over the next 30 years

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COW_Phoenix_economy_July 18 2016-Cropped

Arizona ranked the 8th lowest nationally in regards to what percentage of state income must be devoted to debt in order to amortize the liability over 30 years.

Three of the four states that scored the worst in this ranking, Connecticut, Kentucky and Illinois, already have effective tax rates that are among the highest in the country.

Source: Azgovernor.gov, Governing Magazine, J.P. Morgan… Read More

Three Phoenix Metro cities named best places to start a career

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  • In a study conducted by WalletHub, the cities of Scottsdale (#15), Tempe (#48) and Chandler (#49) were all ranked as some of the best cities to start a career for young professionals. The cities also ranked highly in the quality of life category, ranking #1, #18 and #2, respectively.
  • Moreover, several Arizona cities ranked highly for affordable housing, with Gilbert (#1) and Chandler (#4)
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CEOs rank Arizona among top ten states for business

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COW_Phoenix_economy_May 16 2016-Cropped

In an annual poll conducted by Chief Executive Magazine, CEOs across the country ranked Arizona as the sixth best state for doing business. The Grand Canyon State ranked second in the Southwest, ahead of New Mexico, Arkansas and Oklahoma.

CEOs in the poll said they favored states with… Read More

Phoenix unemployment continues to improve, decreasing to 4.5 percent

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MayUnemploymentAccording to the BLS, total non-farm employment in Metro Phoenix reached 1,973,000 payrolls in March 2016, representing an annualized increase of 69,900 jobs or 3.7 percent. Meanwhile, unemployment continues to improve, decreasing to 4.5 percent, down 80 basis points from one year prior.

Click here to download our full May Employment Update report.

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How Arizona’s purchasing power competes with California

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A horizontal bar chart showing that Arizona's purchasing power ranks No. 3 among Western U.S. states.

  • Arizona’s purchasing power ranks No. 3 among western U.S. states, according to the BEA’s Regional Price Parity indicator based on the 2013 Consumer Price Index.
  • California will increase its minimum wage to $15.00 per hour
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JLL’s Keith Lammersen featured in Phoenix Business Journal about Phoenix’s tech market

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Lammersen_Keith_ColorJLL Senior Vice President Keith Lammersen sat down with Phoenix Business Journal for an exclusive interview in their article “Valley needs to show suitors a good side.” In the article, Lammersen discusses how Phoenix needs just an initial introduction to more tech companies to showcase the market’s benefits stating, “Once they get here they realize there is… Read More