Tag Archives: CRE

JLL stats go digital: Strong demand for office continues

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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
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JLL Phoenix stats go digital: E-commerce, Southwest Valley dominate Q2 industrial activity

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The market has delivered 1,832,881 square feet of space in Q2 – double the amount of Q1 deliveries – while continuing to inch toward record low vacancy rates. Learn about the key trends impacting the industrial market by viewing our new digital stats landing page.

Report highlights include:

The Southeast Valley is no longer for smaller industrial users

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The Southeast Valley has historically been known as a hot area for smaller industrial users ranging from 15,000 to 40,000 square feet. However, recent demand from the aerospace, defense, high-tech/advanced manufacturing, semiconductor and pharmaceutical/nutraceutical industries are calling for more space ranging from 30,000 to 60,000 square feet.

“Increases in

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JLL Phoenix welcomes two new associate brokers

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The JLL family welcomes Chris Beall and Brendan Satran to the Phoenix office as new associate brokers. Chris Beall has partnered with John Bonnell, Chris Latvaaho and Brett Abramson. He specializes in agency representation for office properties. Brendan Satran has partnered with Steve Larsen and Bill Honsaker. He specializes in tenant and agency representation for industrial properties. We sat down with them to get to know them better.

JLL welcomes Jennifer Farino to the JLL family

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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

Phoenix industrial vacancy approaches pre-recessionary low

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There have been no signs of a slowdown as the market continues to record strong absorption gains, consistent rent growth and healthy development activity. This year is on pace to record over 8.8 million square feet of positive absorption, marking the eighth consecutive year of positive absorption gains.

During the previous cycle,… Read More

How Arizona’s purchasing power competes with California

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A horizontal bar chart showing that Arizona's purchasing power ranks No. 3 among Western U.S. states.

  • Arizona’s purchasing power ranks No. 3 among western U.S. states, according to the BEA’s Regional Price Parity indicator based on the 2013 Consumer Price Index.
  • California will increase its minimum wage to $15.00 per hour
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Phoenix ranked top 15 fastest growing city

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COW_Phoenix_economy_April 4 2016In a study of America’s fastest-growing cities, Phoenix ranked #15 among the 100 largest U.S. metropolitan areas. The rankings were based on estimated population growth, job growth, and gross metropolitan product growth.

After recording a 1.95 percent population growth rate in 2015, Phoenix is expected to grow 2.47 percent in 2016 alone.… Read More

Speculative office groundbreakings declining as build-to-suit activity increases

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Despite healthy absorption gains in 2015, vacancy in the Phoenix market remains above-average due to continued construction activity. However, concerns over the large amount of vacant space being delivered has resulted in a shift in the type of construction being started.

After delivering over 1.0 million square feet of vacant space to the market in 2015, developers are slowing speculative development, taking note of how long this vacant space stays on the… Read More