Tag Archives: commercial real estate Phoenix

JLL stats go digital: Strong demand for office continues

0 CommentsBy

Solid fundamentals held through the first half of 2018 show signs of a continuing healthy market. Learn about the key trends impacting the office market by viewing our new digital stats landing page.

Report highlights include:

  • Construction increases: Construction ramped up during the second quarter of 2018 with over 2.7
  • Read More

Defense contracts continue to find their way to Arizona

0 CommentsBy

Defense spending has been set approximately $700 billion for the year of 2018, with an array of awarded contracts finding their way into Arizona. A $16 billion increase is projected for the year of 2019.

Honeywell, Boeing, and General Dynamics continue to be consistent candidates for contracts, with smaller organizations such as… Read More

JLL welcomes Jennifer Farino to the JLL family

0 CommentsBy

In February, our JLL family welcomed Jennifer Farino to our Research department. Jennifer brings 5 years of experience in analyzing and reporting on the Phoenix commercial real estate market. She works closely with brokerage and support professionals throughout the western region, as well as colleagues throughout the global JLL organization, to… Read More

Congratulations to our 2017 Top Producers

0 CommentsBy

We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust. Their collaborative efforts to make sure their clients achieved their goals are truly a representation of our culture at JLL.

Read More

Broker spotlight: Getting to know our Healthcare Solutions brokers

0 CommentsBy

Left: Katie McIntyre, Right: Mari Lderman, JLL Senior Associates

In October, our JLL family welcomed Katie McIntyre and Mari Lederman to our Healthcare Solutions group. The two are the first Healthcare Solutions team members in our Phoenix office.  McIntyre brings her experience working for healthcare… Read More

Broker spotlight: John Pierson shows support for military members and their families

0 CommentsBy

John Pierson

It’s people like JLL’s Managing Director John Pierson, a former Honorary Commander at Luke Air Force Base, that demonstrate what it truly means to support our troops. John is one of the 97 members of the “Charlie” class of the Blue Blazer Squadron (BBS), an Alumni Association of the Honorary Commanders Committee of Fighter Country Partnership. As… Read More

2018 & beyond: What will the law firm real estate landscape look like?

0 CommentsBy

The growing momentum in the global economy has forged a new path for the law firm real estate market. With more than 65 million square feet of new office supply under construction in just the U.S. alone, law firms are finding myriad choices for both location and space that’s… Read More

Phoenix multifamily led secondary market activity in Q2 2017

0 CommentsBy

Optima Kierland

The significant decline of transactions in primary markets has sustained strong liquidity in secondary and even tertiary markets. As a result, secondary markets comprised 44.6 percent of total multifamily transaction volumes at midyear, a record for this indicator if analyzing the past nearly two decades. Phoenix and Denver led… Read More

Labor shortage increases costs of Phoenix contractors, engineers and architects

0 CommentsBy

Construction activity is robust in the Phoenix market, and is expected to continue through at least the first half of 2018 based on current forecasts. Office, industrial and multifamily development is at an all-time high, and there are many new ground-up, build-to-suit projects underway throughout the… Read More

Phoenix office rents increase to highest level in nine years

0 CommentsBy

Office rental rates in the Phoenix market increased to $25.21 per square foot in the second quarter, quickly approaching the previous peak of $26.82 per square foot set in 2007.

Click on chart to view larger.

 

With absorption surpassing 12.6 million square feet and only 8.8… Read More