Tag Archives: CBD

Phoenix’s skyline Trophy office rental rates continue to rise

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PhoenixSkylineBlogImageDemand for trophy buildings remains high, according to JLL’s 2015 digital skyline review

There’s no space like Trophy space. The premiere office towers that make up Phoenix’s skyline boast—by far—the most expensive office space to rent, garnering asking rents that are 33.5 percent higher than non-Trophy space, according to JLL’s 2015 Digital Skyline. Average Phoenix Trophy rates in the first quarter of 2015 were $26.53 per square foot, compared to $19.87 per square foot in non-Trophy buildings.
This gap between local Trophy and non-Trophy space is approaching peak historical spreads: 10 years ago, the difference was 37.6 percent.… Read More

Lack of supply, rising rents challenging law firm office norms

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Law Firm report image

Law firms face more supply constraints than companies in nearly any other industry. Why? Law firms typically target premium, Class A space in central locations—the tightest segment of U.S. office markets. With fewer space options, your firm may find itself battling with competitors not only for clients—but for desired space as well.… Read More

Chart of the Week: Significantly less traffic delay in Phoenix

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COW_Phoenix_June4BLOG

Phoenix, despite being one of the largest metropolitan areas in the country, has much lower additional traffic delays than similar areas. The city sits in a relatively flat valley that has made possible one of the best highway and road system in the country. This has also contributed to Phoenix’s sprawling office market… Read More

2014 North American Banking and Finance Outlook

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2014-Research-Report-US-Banking-and-Finance-OutlookBanks use consolidation strategies and new markets to get ahead

JLL’s second annual Banking and Finance Outlook is an in-depth look at the leading trends impacting the banking and financial services industry and their implications for the real estate market.

This report includes our view on how this industry is utilizing office space across 38 office markets in the U.S. and Canada.

The banking and financial services industry… Read More