Tag Archives: Tempe

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

0 CommentsBy
Q4 Insight pic

Click on image to view full Office Insight report.

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

[VIDEO] Phoenix Tech Outlook – 2015

0 CommentsBy

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… Read More

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

0 CommentsBy
Title 32pt Times New Roman Italic with keyword highlighted red

Click on image to view full Office Insight report.

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

[VIDEO] 1515 Corporate Center offers a unique Tempe plug & play opportunity

0 CommentsBy

Click on image to view video

1515 Corporate Center is an approximately 16-acre site in Tempe offering ±228,000 square feet available for lease (divisible to ±100,000 square feet).

Property features include:
– Exterior renovations complete Q4 2015
– 1,470 existing cubes in place; approximate 6′ X 6′ standard workstations
– 9 furnished conference room
–… Read More

JLL’s John Pierson and Keith Lammersen summarize big East Valley tenant activity

0 CommentsBy

EastInTheWestThe latest issue of Commercial Executive Magazine features large commercial real estate activity in the East Valley, in which Managing Director John Pierson and Vice President Keith Lammersen summarize significant tenant representation transactions managed by the JLL Phoenix office.

Soilworks World HQ Lease at Riverwalk Arizona
Soilworks, a leading dust control and soil stabilization firm that… Read More

Q2 Phoenix Office Insight: Developers easing pressure on popular submarkets

0 CommentsBy

Click on image to view full report.

Speculative developments reducing impact of positive absorption gains
At least 13 development companies are capitalizing on the strong demand and limited supply of high-quality space in the Southeast Valley, delivering 557,957 square feet of new product in the first half of 2015. While the remainder of the properties currently under construction are 74.5 percent pre-leased, the properties that have been delivered year-to-date have been mostly speculative, adding over 448,000 square feet of vacant space to the market. These speculative deliveries have kept pace with the 498,123 square feet of year-to-date net absorption, resulting in a stagnant vacancy rate of 22.3 percent in both the first and second quarter of 2015.

Read More

JLL Signs Freedom Financial to Redeveloped Tempe 10/60 Corporate Center

0 CommentsBy

Tempe 1060_4-22-15Project’s new 7:1,000 parking ratio benefits growing financial solutions firm

The Phoenix office of JLL has signed Freedom Financial Network, LLC (FFN) to lease one of two 45,000–square-foot buildings at Tempe 10/60 Corporate Center, a recently redeveloped office project in Tempe, Arizona. The lease will allow FFN to expand its neighboring Tempe operations within an efficient block of space to accommodate continued growth.

Tempe serves as a secondary office for San Mateo, California-based FFN, a company providing comprehensive financial solutions for consumers struggling with debt.… Read More

Phoenix Class A leads the way

0 CommentsBy

Phx historical net absorption2

In the years of recovery following the recession, there has been increased demand for quality, Class A office space. Often making up for losses recorded within Class B and C properties, Class A absorption has outpaced that of overall Phoenix since 2008.

Tenants have been flocking towards these newer Class A properties, driving demand… Read More

JLL’s John Cunningham featured in the Phoenix Business Journal on Phoenix’s multifamily cresting pipeline

0 CommentsBy

2014-John-CunninghamThe Phoenix Business Journal featured JLL Phoenix’s John Cunningham in their article ‘Apartment development wave may have crested.’

John Cunningham, Executive Vice President, Multifamily, was interviewed on the current downturn in the post-recession multifamily market. He was featured sharing his thoughts on how Phoenix is viewed as a value market where landlord and investors can buy more for… Read More

Demand for density meets demolition strategy at Tempe 10/60 Corporate Center

0 CommentsBy

Tempe-JLL-WEBJLL was recently selected to market a 90,000-square-foot office project in Tempe, where the demand for high density space spurred demolition of a portion of the complex in exchange for a higher parking ratio. Greenlaw Partners and The Broe Group signaled their approval of the strategy with their purchase of the project last week for $3.5… Read More