Office vacancy rate on the rise with a 16% increase over last year
CommercialEdge just released its November office report analyzing the U.S. office market’s performance through October 2022 and looking at office vacancy rate. …
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RED Development is 100% leased at The Grove office building
RED Development announced today that the Class AA office building at The Grove, the highly anticipated mixed-use destination in Phoenix, is now…
Read MoreClass A office space still rules in Phoenix, report shows
Metro Phoenix Class A office space realized 317,341 square feet in occupancy gains during the third quarter, according to JLL’s Q3 2022…
Read MoreScottsdale Forum trades for $53.6M
JLL Capital Markets announced today that it has closed the $53.6 million sale of Scottsdale Forum, a 214,000-square-foot, Class A office…
Read MorePhoenix office market posts healthy Q2
The Greater Phoenix office market posted the highest level of net absorption since the pandemic began. A report released by…
Read MorePhoenix office market experiencing record-high sublease availabilities
The Phoenix office market continues to experience record high sublease availabilities in second quarter, according to a report from Kidder…
Read MoreGeorge Oliver plans $52M renovation of Biltmore Commerce Center
Phoenix-based developer George Oliver has purchased Biltmore Commerce Center, a landmark building in the heart of metro Phoenix’s coveted Camelback Corridor, for…
Read MoreHow increased renter interest is reshaping post-pandemic office market
The last couple of years have been transformational for the commercial real estate sector, particularly for the office market. Despite…
Read MoreGilbert ranks No. 1 for office construction in U.S.
The last 10 years were challenging. Beginning from the depths of the financial crisis and culminating with the beginning of…
Read MorePhoenix office market shows positive net absorption for 1st time since pandemic
While the Phoenix office market softened a bit going into Q4 2021, there are still reasons to be hopeful, according…
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