Tag Archives: brokerage Phoenix

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

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

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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… Read More

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

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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… Read More

Four trends to know regarding law firm real estate

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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
  2. Read More

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

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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… 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

Phoenix ranks No. 9 for building wealth

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PowerPoint Presentation

Phoenix ranked No. 9 in a recent study of the “Best Cities for Building Wealth in 2016,” ahead of New York, Chicago, Philadelphia and Dallas.

Bankrate ranked cities based on five categories: savable income, human capital, access to financial services, homeownership rate and debt burden. Phoenix had the third… Read More

Phoenix office absorption snapshot

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With so much positive office absorption activity in Phoenix over the past few quarters, we summarized everything you need to know about how our market’s absorption compares to other U.S. markets, significant transactions bolstering absorption and what we can expect to experience in future quarters.

Phoenix office absorption highest in the nation 
With more than 2.6 million square feet of office space absorbed through the third quarter of 2016, Phoenix edged out… Read More

Just how much cheaper is Phoenix for tech companies compared to Silicon Valley?

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There are many reasons tech companies are choosing Phoenix as their home: a more affordable quality of life for employees, a strong and growing talent pool, and—most significantly—a lower cost of doing business including lower real estate costs.

According to JLL’s U.S. Technology Outlook, office rent in Phoenix’s most expensive tech submarket (Tempe) is 71 percent cheaper than Silicon Valley’s most expensive tech submarket (Menlo Park) and is 34 percent cheaper than… Read More

Broker spotlight: Getting to know our new Capital Markets brokers

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In September, our JLL family grew a little larger with the addition of Tivon Moffitt, Peter Bauman and John Paul Mulhern. The team leads the Phoenix office’s net lease investment sales practice. In the second edition of our “Broker Spotlight” series, we sat down with the new team members to learn more about their brokerage focus area, their background and hobbies.

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