Tag Archives: Camelback corridor

JLL’s Most Expensive Streets Report: Camelback Road makes the cut at #34

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Most Expensive StreetsWhat city comes top of mind when you think of high rent – for both residential and office space? New York City? You might be surprised to learn the country’s Most Expensive Street for office space is in a San Francisco suburb, according to a research study released by Jones Lang LaSalle.  The… Read More

More employees means more office space for Phoenix

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John-WREBJohn Bonnell, Managing Director of Office Leasing, shared his thoughts with Western Real Estate Business Magazine on Phoenix’s employment outlook and how it impacts the real estate cycle.

Over the last 12 months, Phoenix has added a staggering 42,800 jobs and this trend is showing no signs of slowing. Job growth in the first half of 2013 was just as strong, with 27,200 new positions added.… Read More

Camelback corridor could soon see a drop in office vacancy

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John-Bonnell-blogJohn Bonnell, managing director of Agency Leasing, recently shared his thoughts with the Phoenix Business Journal on the Camelback corridor and overall Valley office trends. While the Camelback corridor is widely regarded as a highly sought after submarket, recent reports indicate otherwise.

The Camelback corridor posted an average 27.4 percent vacancy rate for the first half of 2013, surprisingly higher than the Valleywide average… Read More