Q3 Phoenix office report shows vacancies falling, rents rising

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices./Photo courtesy of JLL Phoenix
Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices./Photo courtesy of JLL Phoenix

AZRE

The Phoenix office of JLL released its Q3 2016 Phoenix Office Report, highlighting benchmarks and includes the lowest vacancies since 2008 and still-rising rents. Still, Phoenix remains one of the most affordable office markets on the West Coast.

“More companies are recognizing that Phoenix has an extremely strong labor pool and very affordable cost of living,” said JLL Managing Director John Bonnell. “All three of these factors are big wins for companies seeking to escape the high prices of Northern California or other primary markets.”

Continued:

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

October 2016
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31