Phoenix has received a large boost in tourism this month thanks to large sporting events across the Valley. In addition to the annual Waste Management Open, which was attended by a record 190,000 in a single day last year, the Pro Bowl, Super Bowl and associated events have made the Valley of the Sun the center of the sports world this week.… Read More
Phoenix, despite being one of the largest metropolitan areas in the country, has much lower additional traffic delays than similar areas. The city sits in a relatively flat valley that has made possible one of the best highway and road system in the country. This has also contributed to Phoenix’s sprawling office market… Read More
The Phoenix office market ended the year on a high note with steady absorption gains across the Valley and a subtle drop in vacancy thanks to limited construction completions. Although 2013 closed out in the black, occupancy gains were smaller compared to 2012 as tenants remain cautious about the state of the economy and… Read More
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