Tag Archives: CRE

Phoenix industrial vacancy approaches pre-recessionary low

0 CommentsBy

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

0 CommentsBy

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
  • Read More

Phoenix ranked top 15 fastest growing city

0 CommentsBy

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

0 CommentsBy

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

New JLL Associate Broker Closes First Deal

0 CommentsBy

McWilliams_Michael-ColorThe Phoenix office of JLL represented Onyx Motorsports, a luxury automotive dealer, in its relocation from Scottsdale to Tempe. Currently a brick and mortar dealership in Scottsdale, the company is converting into an online-based car sales firm. The new 11,256 square foot warehouse in the Sky Harbor Business Park will be used to store the vehicles.

Michael McWilliams, Jr. exclusively represented the tenant. Scott… Read More

Phoenix ranked #1 on JLL’s list of U.S. markets for Demographics

1 CommentBy

Multifamily-Demographics-TWITTERIn its recently published U.S. Multifamily Outlook, Phoenix ranked #1 on JLL’s list of U.S. markets for Demographics, beating out fellow front-runners Austin, Orlando, Dallas-Fort Worth and Tampa when it comes to a community’s successful mix of population growth, quality of workforce and job opportunities.

A great many sunbelt markets, are projecting… Read More

Phoenix Market Investment Trends

0 CommentsBy

USofficeoutlookJLL’s Q4 Office Investment report identifies and analyzes trends within the Phoenix office market. Highlights include:

With strengthening lease fundamentals, secondary markets are driving investment sales growth, increasing by 76.0 percent compared to 46.0 percent in primary markets this year.
Sixteen secondary markets doubled activity in 2015 with 11 recording transaction volumes over $1.0 billion. This represents a near tripling from the four secondary markets… Read More