metro phoenix Archives

Demand for Class A office space improves vacancy


Cushman & Wakefield announced that the Metro Phoenix office vacancy dropped to 18.9% in the third quarter, largely due to demand for prestigious, Class A space. The metropolitan area has added nearly 45,000 jobs in the past 12 months with almost one-third of those being office sector jobs. Demand for office space led to the overall vacancy… Read More →

Auto finance company leases 40KSF in Tempe

Papago Tech Center, Courtesy of CoStar
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed a 40,000-square-foot office lease at Papago Technology Center located at 1700 N. Desert Drive in Tempe, Ariz. Bryan Taute with CBRE represented the landlord, WDP Partners of Phoenix. The tenant, Greenville, NC-based Regional Acceptance Corp. a division of BB&T Bank, was represented by Jason Moore and Keith Lammersen with JLL. This lease… Read More →

Metro Phoenix Ranks No. 3 Nationwide in Adding New Construction Jobs


Metro Phoenix added more new construction jobs during the past year than all but two other metro areas as employment in the local industry hit a 4-year high, according to an analysis released by the Associated General Contractors of America. Association officials noted, however, that the local construction industry employs less than half the people… Read More →

Data Centers Flock To Metro Phoenix

data centers

More developers of data centers where companies store equipment for online communications are choosing Phoenix for their real-world destination. The Arizona Republic reports analysts say geographic and economic factors are making metropolitan Phoenix a top-10 market for data centers. Analysts speaking at a seminar in Chandler on Friday say the area offers low taxes, cheap… Read More →

Coldwell Banker Residential Brokerage Expands

Coldwell Banker

Coldwell Banker Residential Brokerage in Arizona announced that it welcomed to its team former members of The JW Realty Group in Gilbert. Five real estate agents including broker owner Jason Witte have joined Coldwell Banker Residential Brokerage’s various offices throughout metro Phoenix, with Witte assuming a role as an associate broker in the company’s Chandler… Read More →

CBRE Releases 1Q 2012 Analysis Of Metro Phoenix Office, Industrial And Retail Markets

by in Brokerage | Business News

CBRE has released its 1Q 2012 market analysis of the metro Phoenix area office, industrial and retail sectors.  Report highlights include: Office The overall office market vacancy rate increased modestly in the first quarter of the year, rising from 25.5% at year-end 2011 to 26.1%. While vacancy remains high, the Phoenix area ranked fifth among… Read More →

SRP Study Reveals How Businesses Reacted, Adapted To Economy

SRP Study Reveals How Businesses Reacted, Adapted To Economy

The “2011 SRP Metro-Phoenix Business Study: New Strategies for Success” reveals how businesses have survived and adapted operations during the economic slowdown. “The past several years have been economically challenging for families, businesses and every level of government. Everyone felt the pinch of our recent economic downturn,” said Mark Bonsall, Salt River Project (SRP) general… Read More →

Sluggish Demand for Office Space in Metro Phoenix Continues

Sluggish Demand for Office Space in Phoenix
by in Economy | Real Estate

The Phoenix office market continued to feel the effects of a sluggish and wavering economy, according to Cassidy Turley BRE Commercial’s 3Q 2010 office market trends report released today. Economic indicators remain mixed causing uncertainty as to whether our economy is headed into a “double dip” recession or a period of slow growth. The best… Read More →

3Q Figures Upbeat For Office, Industrial & Retail Market Sectors

3rd Quarter Figures Upbeat for Retail and Market Sector
by in Economy | Finance | Real Estate

The Arizona economy has marked some improvement and is much better than the public perceives, according to the Third Quarter 2010 Economic Outlook released by the Forecasting Project at the University of Arizona. However, the report also states that will it will take some time for many Arizonans to recognize the improvement in the state’s… Read More →

Valley Residential, Commercial Real Estate Markets Still Struggling, ASU Report Shows

Valley Commercial, Real Estate Sales Dip
by in Economy | Finance | Real Estate

Residential and commercial real estate prices in Metro Phoenix  are still suffering in the rough economy, a report from the W. P. Carey School of Business at Arizona State University show. Valley home prices are going negative for the first time in months, and commercial real estate prices are about 30-percent lower than at the… Read More →