JLL 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… Read More
Market conditions are becoming increasingly more landlord favorable as sharp vacancy declines in the country’s primary markets make for a competitive leasing environment for tenants. Opportunity to expand into dynamic secondary and tertiary markets throughout the Sun Belt and Southeast, however, will provide growth opportunities for both tenants and landlords capitalizing on these growing… Read More
Choice, cost and competition influence real estate decisions for both landlords and tenants. JLL’s new Big Box Velocity Index (‘BBVI’) attempts to plot that on the supply-demand-curve.
Find out how US markets stack-up to one another and where tenants have options.
According to the report, Phoenix helmed the top-spot for Tier II markets based on a handful of active requirements for… Read More
Click here for more market insight on our Phoenix research group web page: Phoenix – Research
Tweet this: @JLLNews: The southeast valley is running out of room for tenants forcing them to explore surrounding submarkets. http://bit.ly/1daROVD
John Bonnell, managing director of Agency Leasing, recently shared his thoughts with the Phoenix Business Journal on the Camelback corridor and overall Valley office trends. While the Camelback corridor is widely regarded as a highly sought after submarket, recent reports indicate otherwise.
The Camelback corridor posted an average 27.4 percent vacancy rate for the first half of 2013, surprisingly higher than the Valleywide average… Read More
Things may be looking up for Phoenix’s office market. Vacancy rates have diminished slightly in the second quarter as more
office space is being absorbed by both large companies restructuring
their operations and smaller businesses that are growing out of their current space.
Phoenix’s job growth in the first half of 2013 was very strong, adding
27,200… Read More
Michael Prabhu, Managing Director of our property management portfolio in Arizona, Southern California and Nevada, shared his thoughts with CoStar on Building Owners and Managers Association (BOMA) International’s survey “What Office Tenants Want: 2013 BOMA Global Office Tenant Survey Results.”
Michael shared that the outlook among building owners is confident due to the improving economy positively affecting their assets and associated tenant services.
“We feel the… Read More