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.
The Phoenix office Valuation and Advisory team has a new teammate, Senior Vice President Lou Newman. Lou has joined Vice President Stephanie Rinard to help grow the Valuation and Advisory platform in Phoenix. We sat down to get to know them better.
What is valuation and advisory services and how does it differ from… Read More
For the second year in a row, 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 34 large companies.
Before moving to The Quad in South Scottsdale, boutique logistics company Stream Logistics was seriously overcrowded. The company couldn’t grow operations and employees felt disconnected.
The company set out to not only find a solution that would give them more room to grow, but also to build a quality office where employees would be excited to work. Their bright and energetic new 12,500 square foot space is one the team is proud… Read More
The JLL family welcomes Managing Directors Matt Steffen and Brandon Harrington, Senior Analyst Brittain Mandy and Transaction Manager Michelle Teeling to the Phoenix office. The team of four brings a new service line to the Phoenix office, Multifamily, Debt and Equity. We sat down with the team to get… Read More
How their new space gives employees workspace options
Varsity Tutors is a live learning platform that connects experts with learners in any subject anytime, anywhere. After years of cultivating a primarily work-from-home workforce, the company was in high-growth mode and needed room to expand their Phoenix office.
As an education company, it made sense that Varsity Tutors looked for a home close to Arizona State University, ranked the Most Innovative School in America.… Read More
Last week, Freedom Financial Network opened its newest office in Tempe at Rio 2100. The first of two 150,000 square foot offices completed will help the company consolidate several offices and grow within the Phoenix market.
The grand opening celebration was a joyous moment for JLL’s tenant representation specialists Pat Williams and Gregg Walker, and project manager Derek Ruterman who helped Freedom Financial find and build their new home.
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.
In addition to the Phoenix office leasing marketing reaching its nineteenth straight quarter of positive office absorption, the office sales market also performed well with 18 sales totaling $293 million. The average price per square foot of these transactions was $139.07 with an average cap rate of 7.17%.
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.