office market Archives

Phoenix office market on pace to surpass 2 million SF of absorption

Renaissance Square
by in AZRE Magazine | Office

For the fourth year in a row, the Phoenix office market is on pace to surpass 2 million square feet of absorption, according to the Q2 Phoenix Office Insight Report released today by the Phoenix office of JLL. According to the report, second quarter absorption totaled 595,346 square feet, representing the Valley’s 16th consecutive month of positive net office space absorption.… Read More →

U.S. office market continues to tighten, but at a slower pace

Office Trends, Business Saving Space
by in AZRE Magazine | Office

U.S. office markets continued to gradually tighten in the third quarter of 2016 Cushman & Wakefield announced Thursday. That tightening reflects the more moderate pace of job growth, which has slowed from the strong rate of the previous two years. Net absorption of office space totaled 13.2 million square feet (msf) in the quarter, down… Read More →

Q2 Phoenix Market Report: Voit

VOIT REPORT:  PHOENIX OFFICE LEASE RATES RISE FOR THE SIXTH CONSECUTIVE QUARTER; RETAIL MARKET POSTS LOWEST VACANCY RATE SINCE 2008 By Jennifer Farino The Phoenix office market continued to convey strong signs of recovery in 2014, and marked its sixth consecutive quarter of rising lease rates.  The average asking full-service gross lease rate finished the… Read More →

Marcus & Millichap Releases Office Market Report

by in AZRE Magazine | Blogs | Brokerage

“Continued economic strength has begun to lift office performance, staging the sector for dramatic gains in 2014. Steady employment growth over the last several years has been slow to translate into absorption, but much of the extra space held by companies is rapidly filling up. As a result, many markets may reach a tipping point… Read More →

Phoenix Office Market Posts 2MSF Net Absorption in 2013

by in In The Spotlight | Industry Insiders

Cushman & Wakefield of Arizona reported the following analysis of the Phoenix office market in 2013. The Metro Phoenix office market posted net absorption of 1,955,355 SF in 2013, compared to net absorption totaling 2,217,348 SF in 2012. The best-performing office submarkets were the Scottsdale Airpark with 461,616 SF, the Camelback Corridor with 389,394 SF,… Read More →

Office Market Gains Strength As Absorption Numbers Shine

by in Brokerage | Business News

The Phoenix office market continues to push forward by shaking off its multi-year decline by posting several successful quarters with promising market data. Phoenix, the king of the boom-and-bust market, saw feverish overbuilding in the middle of the last decade and players in the market have been paying the price for it ever since. Even… Read More →

Office Market Rebounds From Past Quarter Absorption Slump

Office Market
by in Brokerage | Business News

The Phoenix office market has made genuine progress over last quarter’s disappointing retreat by posting strong absorption and vacancy figures. Vacancy rates this quarter are the lowest since 4Q 2009 and absorption for the quarter is at the highest rate since 4Q 2006. Even with an anemic recovery and the of lack of new product,… 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 →