Tag Archives: Leasing

Strong big box speculative construction and leasing expected in the West Valley in 2017

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Southwest Industrial Center, owned by Hines, leased by JLL

With ample land available for development and relatively low construction costs, users in the Phoenix industrial market often decide to build their own facility instead of leasing space in existing properties. However, leasing activity in existing… Read More

Phoenix is on the cusp of a new coworking era

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Illustration of four people coworking at computers.The coworking revolution is transforming real estate. Pioneered by start-ups, entrepreneurs and freelancers, a growing number of companies, large and small, are exploring how to incorporate the concept. Coworking and liquid or flexible space are fast becoming critical components of wider Corporate Real Estate (CRE) and portfolio strategy.

In Phoenix, we have… Read More

Unlock Employee and Profit Potential with Individual-Friendly Workspace

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Do you think employee happiness is just a nice to have? Thank again. Employees are a company’s most important asset, and happy employees just might mean higher profits. This USA Today article uncovered that publicly traded companies in the Fortune 100 Best Companies to Work For list have gained an average 10.8% a year since 1998. Many of the publicly traded companies named as Best Companies to Work For in 2013… Read More

Office Space Should Not be an Office Race

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You’ve been there. That all too familiar scenario when you need private office space to collaborate with team members or a client but all the conference rooms in your office are occupied. We’ve been there too. In many workspaces, it’s tough to get a conference room when you really need it. Check out our video satirizing that all-too-familiar race for space. Then discover how our new JLL headquarters nixes the problem… Read More

Three Phoenix Metro cities named best places to start a career

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  • In a study conducted by WalletHub, the cities of Scottsdale (#15), Tempe (#48) and Chandler (#49) were all ranked as some of the best cities to start a career for young professionals. The cities also ranked highly in the quality of life category, ranking #1, #18 and #2, respectively.
  • Moreover, several Arizona cities ranked highly for affordable housing, with Gilbert (#1) and Chandler (#4)
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International traffic taking off at Sky Harbor

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Sky Harbor International Airport was the tenth busiest airport in the country in 2014, with over twenty million enplanements. The airport services over 100 destinations, including 20 international destinations.

In a presentation to the Community Building Consortium of the Greater Phoenix Economic Council, the City of Phoenix Department of Aviation detailed some of the most… Read More

Phoenix unemployment continues to improve, decreasing to 4.5 percent

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MayUnemploymentAccording to the BLS, total non-farm employment in Metro Phoenix reached 1,973,000 payrolls in March 2016, representing an annualized increase of 69,900 jobs or 3.7 percent. Meanwhile, unemployment continues to improve, decreasing to 4.5 percent, down 80 basis points from one year prior.

Click here to download our full May Employment Update report.

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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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The professional and business services sector leads Phoenix employment gains

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Phoenix Employment Update -04 2016

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According to the BLS, total non-farm employment in Metro Phoenix reached 1,964,800 payrolls in February 2016, representing an annualized increase of 67,000 jobs or 3.5 percent. Meanwhile, unemployment continues to improve, decreasing to 4.6 percent,… Read More

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