Tag Archives: brokerage Phoenix

JLL Phoenix team members thanked with Employee Appreciation Day

0 CommentsBy

In every JLL office worldwide, our colleagues rise to the daily challenge of fast-paced, demanding real estate markets while making sure that our client ambitions are achieved. Our office decided to recognize the standout work from all of our colleagues here in Phoenix by hosting what we plan to become an annual Employee Appreciation Day.

Employees were treated to a catered in-office lunch and then enjoyed an afternoon of playing golf at the Arizona Biltmore… Read More

History Repeating: JLL Q1 Report Shows Highest Phoenix Office Rents Since 2007

0 CommentsBy

Even with more than 1.1 million square feet of new space delivered in the first quarter of the year, average asking rents for Phoenix office product has increased to the highest level in nine years, according to the JLL’s Q1 2017 Phoenix Office Insight report released. Reaching $24.91 per-square-foot, today’s Phoenix office rent average is just 7.1 percent lower than the pre-recession high of $26.82, set in Q4 2007.

Phoenix identified as a top 30 city for global real estate investment

0 CommentsBy

The latest edition of JLL’s Investment Intensity Index has Phoenix making the cut. The “Valley of the Sun” took the 27th spot on the top 30 list for global real estate investment intensity.

High-tech and innovation helped Phoenix rise on the prestigious list, which included several small to midsized “New World Cities” with similar population levels (1 to 5 million).… Read More

Phoenix one of six West region markets to drive multifamily rent growth

0 CommentsBy

Kitchen and living room of loft apartment

As multifamily rent growth begins to slow among the nation’s biggest markets, a few markets are maintaining their strong performance and driving positive trends over the forecast horizon. Phoenix is one such market in the West region that is expected to outperform due to large corporate… Read More

Congratulations to our 2016 Top Producers

0 CommentsBy

We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust.

From left to right, top to bottom:
Pat Williams, Senior Managing Director
Andrew Medley, Managing Director
John Bonnell, Managing Director
Tony Lydon, Managing Director
Marc Hertzberg, Managing Director
John P. Cunningham, Executive Vice President
Charles… Read More

Phoenix office absorption surpasses 3.1 million square feet reaching a 10-year high

0 CommentsBy

Total positive net absorption in Phoenix exceeded 3.1 million square feet for the year, the most recorded demand in the Valley since 2005 when more than 4.0 million square feet was taken up by the market.

A majority of that absorption continued to be in the Southeast Valley. For the past 10 years, the Southeast Valley has accounted for more than 67 percent of the entire Phoenix Metro office absorption when it only accounts for… Read More

Downtown Phoenix gets new office inventory for the first time since 2010

0 CommentsBy
downtown Phoenix skyline

Downtown Phoenix skyline

The Downtown submarket saw 122,220 square feet of redeveloped office space delivered in the fourth quarter of 2016, marking the first time new inventory has been added to the submarket since 2010.

Situated in the fast-growing Warehouse District, 515 East Grant Street, a redeveloped… Read More

Four trends to know regarding law firm real estate

0 CommentsBy

lawfirmJLL’s 2016 Law Firm Perspective is now available and includes benchmarks and deal terms by market. The report includes historic, current and target square footage per attorney and corresponding rents (benchmarked by city) as well as typical deal terms by market. We also dig into four national trends:

  1. Wavering business dynamics and slower
  2. Read More

Phoenix retail market update: Restaurant concepts and grocery-anchored projects driving rent growth

0 CommentsBy

2017-outlook_west-coast-markets-business_jllThe Phoenix retail market continues to enjoy declining vacancy rates and increasing asking rents, both expected to continue into the coming months.

Phoenix’s retail growth is tied directly to the residential real estate market. Lowering foreclosure rates, increased construction, and affordable housing costs have led to the demand for new retail development across the Valley. In neighborhood grocery-anchored centers, one… Read More

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

0 CommentsBy

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 commercial real estate… Read More