As the real estate market continues to appreciate in value, commercial real estate owners are advised to review and, if prudent, appeal property tax assessments. Counties in Arizona, Utah and California have or will be issuing assessment notices and hearing appeals in the fall providing an opportunity for commercial… Read More
Don’t blink—today’s data center landscape is changing fast, as leading providers and users strive to stay competitive amidst rapid change. With record-breaking activity in M&A and data center construction in North America up a whopping 43 percent in the first half of the year, 2017 promises to be an… Read More
In 2016, approximately 43 million people visited Arizona spending a record $21.2 billion in the state. The Phoenix MSA accounted for more than 65.5 percent, or $13.9 billion, of all spending in Arizona. With an estimated Gross Domestic Product of $9.2 billion, tourism is the number one export industry in the state.
From New York to Chicago and here in Phoenix, creative companies have traditionally flocked to nonconventional, creative spaces located off the beaten bath. Not so much anymore, according to JLL’s newest Skyline Report. With the lack of creative space in unique and eclectic neighborhoods across the country, technology, advertising, media and information companies… Read More
Phoenix ranked 13th in the U.S. for the best job market for recent college graduates in 2017. The western United States is home to eight of the top 20 metros with the best job markets, making it the No. 1… Read More
The Phoenix office market recorded some of the highest absorption gains in the country last year. Halfway through 2017, the market is still going strong. Phoenix ranked No. 3 for positive net absorption year-to-date, trailing behind only Seattle-Bellevue (2.8 m.s.f.) and Dallas (2.6 m.s.f.).
According to JLL’s Q2 Phoenix Office Insight Report, five new office projects totaling 638,090 square feet broke ground in the second quarter of 2017. One of the five projects is the Camelback Collective, the ±3.62 acre mixed-use project in the prominent Camelback Corridor which will consist of office space and a hotel. This… Read More
According to JLL’s Q2 Phoenix Industrial Insight Report, the hot activity of manufacturing companies is driving up industrial rental rates. In the last year alone, manufacturing rates have surged 18.6 percent, to $0.59 per square foot. This sector has been particularly active in the Southeast Valley, especially in Tempe and Mesa.
For the first time ever, JLL has been honored as a best large company to work for by AZ Central’s Top Companies to Work for in Arizona. JLL is one of 100 total companies of various sizes to be honored, one of 27 large companies.
Top Companies to Work for in Arizona is a statewide program that… Read More