Tag Archives: tech

Phoenix Startup growth ranked No. 8 in the nation

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Greater Phoenix is the eighth best metro for entrepreneurs in the nation, according to the 2017 Kauffmann Startup Activity Index which tracks startup growth in the U.S. The Grand Canyon State earned the No. 4 spot for state startup activity, just behind California, Texas and Florida

The Kauffman Startup Activity Index focuses on… Read More

Phoenix tech sector continues to thrive

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According to a recent report released by the Computing Technology Industry Association, the average annual salary of a tech employee in Phoenix was $98,870 in 2016. Workers employed in the Phoenix tech sector earn nearly twice the average metro area salary of $50,200.

Arizona ranked ninth nationally with 48.3 percent of all tech… Read More

Just how much cheaper is Phoenix for tech companies compared to Silicon Valley?

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There are many reasons tech companies are choosing Phoenix as their home: a more affordable quality of life for employees, a strong and growing talent pool, and—most significantly—a lower cost of doing business including lower real estate costs.

According to JLL’s U.S. Technology Outlook, office rent in Phoenix’s most expensive tech submarket (Tempe) is 71 percent cheaper than Silicon Valley’s most expensive tech submarket (Menlo Park) and is 34 percent cheaper than Seattle-Bellevue’s Lake Union… Read More

Tech heats up in Arizona

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According to JLL’s U.S. Technology Outlook, Phoenix has become a magnet to tech entities, thanks to its lower cost of doing business, including average office rents of $23.94 per-square-foot (PSF), and its educated workforce, with 29 percent of the population holding a bachelor’s degree or higher.

Keith Lammersen, JLL Tenant Representation“Companies coming from markets like Silicon Valley, Seattle

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JLL’s Keith Lammersen featured in Phoenix Business Journal about Phoenix’s tech market

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Lammersen_Keith_ColorJLL Senior Vice President Keith Lammersen sat down with Phoenix Business Journal for an exclusive interview in their article “Valley needs to show suitors a good side.” In the article, Lammersen discusses how Phoenix needs just an initial introduction to more tech companies to showcase the market’s benefits stating, “Once they get here they realize there is a log of… Read More

[VIDEO] Phoenix Tech Outlook – 2015

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Phoenix tech companies will soon have plenty of attractively priced, build-to-suit opportunities to choose from. The market currently has more than 3.9 million square feet of office space underdevelopment, which will likely include competitively priced build-to-suit opportunities and incentives.

In the shorter term, though, tech tenants must compete for space within top submarkets like the Southeast Valley and Scottsdale, where vacancy rates have tightened.

In the video below, JLL’s Senior Vice President Keith Lammersen summaries our… Read More

Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets

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TechOutlookCoverJLL reveals 21 U.S. locations with ideal office cost and conditions for startups and tech sector

Even though Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born. According to JLL’s 2015 United States Technology Office Outlook, technology firms and startups aren’t just exploring new U.S. markets,… Read More

The IPO & the unicorn

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The fight for talent. The race toward growth. The need for funding. The speed of innovation. These trends are top influencers in the tech industry and also have major impacts on your real estate strategy.

Get the latest insights on:

  • Largest U.S. Internet IPOs
  • The impact of unicorns on commercial real estate
  • Rental rates and growth patterns of the tech industry

Click to tweet: Some #tech companies aim to go public while others seek $1B valuation. Either way, #CRE is… Read More

JLL’s technology infographic series: The tech labor shortage and talent gap

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The fight for tech talent. The race toward growth. The need for funding. The speed of innovation. These trends are top influencers in the tech industry and also have major impacts on a tech company’s real estate strategy.

These trends are top influencers in the tech industry, and also have major impacts on a tech company’s real estate strategy.

Our series of infographics will dive into each of these trends, highlighting

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