JLL’s 2016 Law Firm Perspective is now available and includes benchmarks and deal terms by market. The report includes historic, current and target square footage per attorney and corresponding rents (benchmarked by city) as well as typical deal terms by market. We also dig into four national trends:
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
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… Read More
In the recently released U.S. Technology Office Outlook, JLL has identified Phoenix as one of the fastest-growing tech markets in the country. High tech job growth in Phoenix reached 7.6 percent in 2015.
High tech job growth in Phoenix has exceeded overall job growth, which increased only 3.4 percent during… Read More
For the third year in a row, our team members took time to enjoy life outside of the office with a family day. Held at the McCormick-Stillman Railroad Park in Scottsdale, employees were encouraged to bring spouses, kids and pets for a day of food and fun activities including a bouncy house, face painter and train rides. Click through the slideshow below to view photos of the entertaining day.
Although Tempe is often considered one of the most popular office submarkets in the Valley, it is also a popular destination for small- to medium-sized industrial users who don’t fit into the big box industrial space in the Southwest Valley. Like the tech tenants that have flocked toward the centrally located city, a wave of nutraceutical companies have taken advantage of the Class A and B product that is often unavailable… Read More
Phoenix ranks first in the U.S. for positive net absorption through the first three quarters of 2016. With more than 2.6 million square feet of office space absorbed, Phoenix edged out Chicago for the top spot in the nation.
Due in large part to the 1.2 million square feet of office… Read More
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.