Q1 2018

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Cushman & Wakefield: Phoenix Q1 Office Vacancy dropped 60 bps

PHOENIX, ARIZONA – Cushman & Wakefield is reporting the Metro Phoenix job market continued to improve, adding 53,000 jobs year-over-year through the first quarter of 2018. During the same time period, the unemployment rate decreased 30-basis-points (bps), dropping to 4.1%. According to the Bureau of Labor Statistics, the Phoenix metropolitan statistical area added 12,800 office […]

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Phoenix Industrial Vacancy Falls to 7.3%, new construction will ease supply constraints

PHOENIX, ARIZONA – JLL is reporting vacancy in the Phoenix industrial market fell to 7.3 percent, now just 100 basis points above its lowest point. With only 817,712-square-feet of new deliveries and 1.3 million square feet of net absorption, vacancy inched down a mere 10 basis points. Despite a seemingly lackluster quarter, demand remains healthy.

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