Tag Archives: vacancy rates

Vacancy rates beginning to flatline despite continued economic activity

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In the midst of one of the longest economic expansions, overall vacancy rates continue to fluctuate.

 

Core vacancy rates are the highest, however, class A office and multifamily developments and ASU’s growing Downtown campus will begin to attract an educated workforce to live, work and play. Block 23 leads Downtown’s overall class… Read More

Renter-occupied housing increases by two million year-over-year

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The following are highlights from JLL’s 2Q 2015 Homeownership Trends report. Click here to view full report.

 

Homeownership declines to 63.4 percent, the lowest rate since 1967

Q2HomeTrends-Graph1

Click on image to view larger.

  •  This figure is 130 bps lower year-on-year; 30 bps lower quarter-on-quarter
  • Homeownership rates slide as wage growth lags and tighter standards for mortgage lending act as substantial barriers to entry

 

Gen X homeownershipRead More

JLL, Roger Staubach predicting victory for New England on Sunday

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Roger Staubach

Roger Staubach, JLL Americas Executive Chairman

Oddsmakers see an even matchup in Sunday’s Big Game between the Seattle Seahawks and New England Patriots, but if commercial real estate statistics – and the view of a former title game MVP – are considered, Tom Brady should celebrate his fourth championship.

JLL and its Americas Executive Chairman Roger Staubach are predicting a victory for New England on Sunday. Watch as Staubach reveals his selection for the Big Game.

“The Patriots have been phenomenal all season, and Tom Brady is one of the all-time greats,” said Staubach, who took home MVP honors in the 1972 game. “I think you’ve got one of the best matchups we’ve ever had for Sunday’s game, and I expect Seattle, with their great quarterback that never quits, to play a fantastic game.”

“But this is the year the Patriots win another championship.”… Read More

Phoenix Q2 Industrial Recap: An unexpected turn of events

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Industrial RecapIn Q2, Phoenix’s industrial market experienced an unexpected turn of events as vacancy rates increased slightly and net absorption dropped off in the second quarter. Even though the industrial market is supported by a quickly recovering Phoenix economy as well as over 10 to 12 million square feet of requirements actively touring the market, this quarter saw the market take… Read More

Q2 Office Report: Phoenix market seeing some positive indicators

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CaptureThings 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