Tag Archives: Phoenix Office

Phoenix office sales activity reached a strong $293 million in Q1

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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 top 10 buyers driving activity… Read More

Average office asking rent increases to the highest level since 2008

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The average asking rent in Metro Phoenix reached $24.91 per square foot (Full Service Gross) in in the first quarter of 2017. Asking rents have increased 4.9 percent from one year ago and have surged 22.8 percent since 2012.

Phoenix asking rents are still 7.1 percent below the pre-recession peak… Read More

Phoenix office absorption snapshot

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With so much positive office absorption activity in Phoenix over the past few quarters, we summarized everything you need to know about how our market’s absorption compares to other U.S. markets, significant transactions bolstering absorption and what we can expect to experience in future quarters.

Phoenix office absorption highest in the nation 
With more than 2.6 million square feet of office space absorbed through the third quarter of 2016, Phoenix edged out… Read More

The Phoenix office market has room for more recovery as other Western markets approach their peak

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JLL Office Property Clock

JLL Office Property Clock

JLL Senior Managing Director Dennis Desmond recently sat down with GlobeSt.com for an exclusive interview in their article “What Time is it on the Office Property Clock.” In the article, Desmond discusses how Phoenix was late to recover from the recession and therefore,… Read More

East side leading a bifurcated recovery

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COW_Phoenix_August 15 - Phoenix Vacancy Trends

Click here for more market insight on our Phoenix research group web page: Phoenix – Research

Tweet this: @JLLNews: The east side of #Phoenix seems to be recovering faster than the west with quickly diminishing vacancies. http://bit.ly/17teaf1

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