Tag Archives: commercial real estate Phoenix

Mixed-use office construction is ramping up in Phoenix

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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

Manufacturing properties are driving Phoenix industrial rental rates

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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.

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JLL honored as a Top Companies to Work for in Arizona

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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

Phoenix ranked No. 3 “Fastest Growing Tech City”

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Phoenix saw an 188% increase in tech jobs from 2016 to 2017, ranking it third in the nation for tech job growth. Huntsville, AL, and Thousand Oaks, CA, took the top two spots with a 309% increase and 200% increase in tech jobs over the same time period.

The top… Read More

Net lease momentum isn’t slowing

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At the end of 2016, mega deals in the net lease United States office sector has propelled sales to record high volumes while retail activity remained limited and a slowdown in industrial activity was starting to occur. How does the net lease sector look six months later? We sat down with our national experts, Tivon Moffitt, Peter Bauman and John Paul Mulhern for an update.

It should be a good second halfRead More

12 transformations in the retail industry for the next 25 years

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A part of your job as a retailer or shopping center owner is future-proofing your business. But with so much else to do, there’s little time to think about the future. You’re busy just trying to get through the day. Don’t panic. JLL’s new Retailers Guide to the Galaxy… Read More

Phoenix unemployment rate reaches 10-year low

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Total non-farm employment in Metro Phoenix reached 2,023,400 payrolls in April 2017, representing an annualized increase of 48,800 jobs. As a result, unemployment was reported at 3.9 percent in April, down 60 basis points from one year prior. This is the lowest unemployment rate we’ve seen in Metro Phoenix in ten years.

Job growth was led by the Leisure & Hospitality and Financial Activities sectors, which added 14,700 jobs and 8,800 jobs, respectively.… Read More

Positioning your real estate portfolio to succeed in today’s healthcare environment

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How can we improve the health of our communities, while also reducing costs and maintaining high-quality care? And how will we pay for it? These are the most vexing questions facing healthcare executives nationally and in our local communities.

Typically, the real estate in a healthcare system’s footprint represents one of the largest sources of value—and capital investment—for the system. Drive through Phoenix today and you’ll see more ambulatory facilities, urgent care… Read More

Maricopa County has the highest annual population growth in the United States

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Maricopa County grew by 81,360 residents between July 1, 2015 and July 1, 2016, the largest population gain in the nation. Harris County, Texas, had the second-largest net migration, growing by 56,587 people over the same time period.

The city of Phoenix added approximately 32,113 residents over the same time… Read More

Phoenix Startup growth ranked No. 8 in the nation

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Greater Phoenix is the eighth best metro for entrepreneurs in the nation, according to the 2017 Kauffmann Startup Activity Index which tracks startup growth in the U.S. The Grand Canyon State earned the No. 4 spot for state startup activity, just behind California, Texas and Florida

The Kauffman Startup Activity… Read More