Tag Archives: brokerage

JLL’s John Cunningham featured on GlobeSt.com about Phoenix’s multifamily market

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Cunningham_John P_ColorJLL 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

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Phoenix home-grown talent remains in the state

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COW_Phoenix_economy_May 2 2016-Cropped

  • 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.
  • The study
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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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The interesting former lives of our brokers

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IMG_3997For 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

Phoenix ranked No. 7 hottest apartment market

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COW_Phoenix_Multifamily_April 11 2016-CroppedPhoenix ranked the seventh “Hottest Apartment Markets in the U.S.” in a Zillow study based on new apartments being built, how fast those new units get rented and rental prices.

Over 5,700 new multifamily units have been completed in the Phoenix market thus far in 2015. With a… Read More

The professional and business services sector leads Phoenix employment gains

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Phoenix Employment Update -04 2016

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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

Phoenix ranked top 15 fastest growing city

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COW_Phoenix_economy_April 4 2016In 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

Strong market fundamentals as 2016 begins: Q1 2016 Office Insight

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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