Tag Archives: Office Leasing

Twenty straight quarters of positive office absorption

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Metro Phoenix has seen a trend like no other before, the end of second quarter 2018 it marked its 20th straight quarter of positive absorption recording at 327,392 square feet and reaching just over a million square feet of YTD absorption.

The strength of the under construction product in also another strong… Read More

Phoenix office net absorption is outpacing new construction

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Since 2011, more than 9.7 million square feet of office space has been absorbed, outpacing nearly 6.0 million square feet of new deliveries. Overall vacancy is expected to decline in 2017 as employers expand and relocate to the Valley.

Phoenix is experiencing a much more diverse recovery during this economic… Read More

Phoenix tech industry job growth ranked 3rd nationwide

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COW photo June20Increasing by more than 39 percent since 2010, Phoenix ranked No. 3 nationally for job growth in the technology and information sector, just behind San Francisco and San Jose in Silicon Valley.

Commonly referred to as the Silicon Desert, the low cost of living in Phoenix has enticed numerous tech… Read More

Phoenix ranks well in urban mobility study

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Metro Phoenix had the third-lowest yearly delay per auto commuter among very large urban areas (population over 3.0 million) in the United States, according to Texas A&M University’s Annual Urban Mobility Scorecard. With 51 hours of extra travel time per auto commuter annually, Phoenix ranked just behind Philadelphia and San Diego, which recorded 48 and 42 hours of delay, respectively.

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Source: JLL… Read More

More employees means more office space for Phoenix

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John-WREBJohn Bonnell, Managing Director of Office Leasing, shared his thoughts with Western Real Estate Business Magazine on Phoenix’s employment outlook and how it impacts the real estate cycle.

Over the last 12 months, Phoenix has added a staggering 42,800 jobs and this trend is showing no signs of slowing. Job growth in the first half of 2013 was just as strong, with 27,200 new positions added.… Read More