Tag Archives: brokerage Phoenix

Phoenix metro sustains healthy population growth

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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

JLL Phoenix’s Andrew Medley honored as one of PBJ’s 40 under 40

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Every year The Phoenix Business Journal recognizes 40 young business leaders for efforts in their community and companies. The candidates are evaluated on business success, community involvement, leadership ability and influence. The honorees come from various industries and will join more than 680 alumni that have been recognized over the years. Yesterday, JLL’s Managing Director Andrew Medley was one of these honorees.

Twenty straight quarters of positive office absorption

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Metro Phoenix has seen a trend like no other before, the end of second quarter 2018 it marked its 20th straight quarter of positive absorption recording at 327,392 square feet and reaching just over a million square feet of YTD absorption.

The strength of the under construction product in also another strong… Read More

Phoenix industrial vacancy approaches pre-recessionary low

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There have been no signs of a slowdown as the market continues to record strong absorption gains, consistent rent growth and healthy development activity. This year is on pace to record over 8.8 million square feet of positive absorption, marking the eighth consecutive year of positive absorption gains.

During the previous cycle,… Read More

JLL Phoenix team members thanked with Employee Appreciation Day

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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… Read More

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

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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

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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… Read More

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

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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… Read More

Congratulations to our 2016 Top Producers

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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… Read More