Tag Archives: office stats

Tightened Class A Office Vacancy Driving Class B Activity – Q2 Office Insight Report

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Due to the improving economic environment, tenants are finding an increasingly supply-constrained office market in the Greater Phoenix area as there are fewer ideal options to select from. As Class A total vacancy rates decrease and asking rents continue to climb, tenants in search of office space are gravitating towards Class B product. In the second quarter of 2016, Class A office space accounted for only 37 percent of the total… Read More

Largest absorption gains in Phoenix since recession – Q4 2015 Office Reports just released

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Central Business District encouraging tech migration with redevelopments
Despite having many of the live-work-play elements that attract tech companies and the millennials that often make up their workforce, the CBD has not attracted nearly as many of the tech companies that have propelled the economies of suburban submarkets in… Read More

Strong demand in leasing and capital markets – Q3 2015 Office Reports just released

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Capital markets activity driving increased rents in Camelback Corridor
Currently at $31.90 on a full service basis, average asking rates across Class Aproperties in the Camelback Corridor submarket have increased 13.4 percent injust… Read More