Tag Archives: Rents

Chart of the Week: Rent growth accelerating in the Valley of the Sun

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All product types are finally seeing rent growth in the Phoenix valley. The last time Phoenix saw rising rents across the board was in 2006 right before the economic collapse. As expected, Class C product dropped their rates the most during the recession, but all properties have been dropping rates… Read More

Chart of the Week: Phoenix’s green thumb – A few LEED-certified buildings in the valley outperform the market

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COW_Phoenix_March 24v2

Phoenix is home to only a handful of LEED-certified office buildings greater than 20,000 square feet, but data shows that it pays to be sustainable. These LEED-certified buildings are outperforming the rest of the market in terms of vacancy by 5.5 percentage points and are charging a 29.0 percent premium on rental rates.

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Don’t let those cranes alarm you

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NOTE: The following article featuring Charles Steele, JLL’s Vice President – Multifamily, originally appeared in BisNow.

There may be up to 5,000 multifamily units in Phoenix’s hopper this year, but it’s no cause for panic. Fundamentals certainly support the new construction,… Read More

Phoenix Industrial Review – Q3 2013

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PHX Industrial ReportsPhoenix is showing all the right symptoms of a recovering economy. The metro area continues to add jobs and has maintained a steady year-over-year growth rate of 2.5 percent for the last several quarters. Although residential housing prices have slowed their climb in the last few months, they continue to trend upwards and are 23 percent above their levels last year. Unfortunately, these indicators are… Read More