Tag Archives: Tenant Representation News & Trends

What’s the outlook for Data Centers in 2017?

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Big deals from major players, new economic and regulatory policy, and strategic cloud adoption are changing the game for data centers—from pricing models to location selection tactics, and everything in between. View the slideshow below to learn the top five data center trends to watch for in 2017.

 

Click here to read more about Phoenix and U.S. data center sector trends in JLL’s 2017 Data Center Perspective.

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Mark BauerMark Bauer,Read More

Four trends to know regarding law firm real estate

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lawfirmJLL’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:

  1. Wavering business
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Phoenix ranks No. 9 for building wealth

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Phoenix ranked No. 9 in a recent study of the “Best Cities for Building Wealth in 2016,” ahead of New York, Chicago, Philadelphia and Dallas.

Bankrate ranked cities based on five categories: savable income, human capital, access to financial services, homeownership rate and debt burden. Phoenix had the third… 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

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… Read More

Phoenix sees significant high tech job growth

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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

JLL Phoenix team members enjoy cooler weather with a family day at the park

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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.

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Move over office users, Tempe is also a hot spot for industrial

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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

Data center demand is rapidly attracting more players to Phoenix

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Data center interiorDemand for cloud technology is growing fast, and data center providers across the U.S. are working quickly to meet the need. This is especially true in the Phoenix market.

After two years of little construction, Phoenix’s data center space had dwindled, putting a strain on our very in-demand market. The strain has… Read More

Phoenix office absorption highest in the nation

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PowerPoint PresentationPhoenix 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