JLL Executive Vice President John Cunningham recently sat down with GlobeSt.com for an exclusive interview in their article “What Is Fueling Multifamily Demand In The Southwest?” In the article, Cunningham discusses how job growth is a positive factor for multifamily demand in the Phoenix market, a result of the recovery of housing prices.
“As jobs continue to flock to Southwestern markets, the multifamily sector will
In a Credible study of 20 large cities, there are only 83 out-of-state graduates for every 100 in-state graduates within the Phoenix metro area. Denver (192 per 100), Charlotte (217 per 100) and Washington, DC (220 per 100) were found to have significantly more out-of-state graduates.
For many brokers, real estate wasn’t always their career path. That is true for three JLL brokers featured in the most recent issue of Commercial Executive Magazine. In the article “The Most Interesting Executives,” JLL’s Executive Vice President Andrew Medley, Vice President Steve Larsen and Senior Vice President Rick Collins share details about their former athletic careers.
Medley and Collins have ties to the sport of golf,… Read More
According to the BLS, total non-farm employment in Metro Phoenix reached 1,964,800 payrolls in February 2016, representing an annualized increase of 67,000 jobs or 3.5 percent. Meanwhile, unemployment continues to improve, decreasing to… Read More
In a study of America’s fastest-growing cities, Phoenix ranked #15 among the 100 largest U.S. metropolitan areas. The rankings were based on estimated population growth, job growth, and gross metropolitan product growth.
After recording a 1.95 percent population growth rate in 2015, Phoenix is expected to grow 2.47 percent in 2016 alone.… Read More
Steady absorption with continued Phoenix growth
The Phoenix metro area office market picked up where it left off at the end of last year. Built on a stable economic foundation of strong job growth and calculated construction, new office… Read More