“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur”.
Phoenix had more net office leasing than Seattle, Austin and Dallas.
Mike Sunnucks Senior Reporter Phoenix Business Journal
That is the second most net leasing (or absorption) among major U.S. markets, according to the JLL (NYSE: JLL) commercial real estate firm.
Only Chicago had more net office leasing — 3.16 million square feet. Chicago beat Phoenix by just under 14,000 square feet.
But Phoenix did better for net leasing than some pretty big markets including Seattle, Los Angeles, Boston and Silicon Valley.
Manhattan actually had negative net leasing in 2016 with -1.56 million square feet of space opened up by office moves, according to JLL.
Phoenix still has far cheaper office rents than the big coastal cities but saw more leasing activity last year. Most of that happened in Tempe, the Scottsdale Airpark and Chandler.
“Though metro Phoenix office rents have been on the rise recently, we’re still looked at by much of Corporate America as a lower-cost option — with the added benefit of being a growth economy offering an educated workforce and an ample inventory of modern office space,” said Karsten Peterson, managing director for JLL. “This, combined with our amenities and quality of life, are attracting 100,000 new residents a year and a constant influx of new companies.”
Here’s how Phoenix compares to some other big cities for net office leasing in 2016.
City Net office leasing (absorption)
Chicago 3.16M SF
Phoenix: 3.14M SF
Seattle: 2.48M SF
Boston: 2.41M SF
Dallas: 2.21M SF
Salt Lake City: 1.67M SF
Austin: 1.62M SF
Los Angeles: 1.61M SF
Silicon Valley: 1.52M SF
Source: JLL
Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.
http://www.bizjournals.com/phoenix/news/2017/01/26/phoenix-chicago-tops-in-u-s-for-office-deals.html
Apartments: 10,561 Units Under Construction / January 31, 2017
In addition to the 10,561 units currently under construction, there are 23,060 ” planned and 7,911 units in the early phases. That’s a total of 41,532 units. CLICK HERE for detailed list of new construction or use the map link.
Map of Apartments Available / January 31, 2017
We keep track of all apartments advertised. The interactive map shows the location and quantity of units advertised in Phoenix Metro area. CLICK HERE for a detailed list of Apartments Available or use the map link.
FROM ME:
Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM:
https://en.wikipedia.org/wiki/CCIM
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Phoenix projected as number one US housing market for 2017
http://walter-unger.com/phoenix-projected-as-number-one-us-housing-market-for-2017/
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http://walter-unger.com/why-phoenix-2/
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Click here to View My Listings and Profile
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
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Click here to find out what is a CCIM:
https://en.wikipedia.org/wiki/CCIM
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Click here to view my website:
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Click her to join my mailing list :
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
http://walter-unger.com/why-phoenix-2/
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Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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http://en.wikipedia.org/wiki/Phoenix,_Arizona
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
“The major fortunes in America have been made in land.”- John D. Rockefeller
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
1-520-975-5207
Check out my professional profile and connect with me on LinkedIn.
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http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974
http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Click here for Map of Apartments for Sale (10+units)
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Direct: 520-975-5207
Fax: 602-865-7461
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.