Phoenix’s commercial real estate market saw 3.14 million square feet of net office space leased in 2016.

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“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.

SEE IT ALL:

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.

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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

WEEKLY LAND CLOSING UPDATE / THROUGH JANUARY 20, 2017 / Phoenix Arizona Metro, Maricopa County, Pinal County.

http://walter-unger.com/weekly-land-closing-update-through-january-20-2017-phoenix-arizona-metro-maricopa-county-pinal-county/

 

 

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Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

http://walter-unger.com/are-you-ready-to-sell-or-purchase-your-land-or-commercial-building-in-phoenix-scottsdale-maricopa-county-and-pinal-county-arizona-please-call-me/

2                                                                                           

I am actively looking to build relationships with Real Estate Investors and Owner Users to  broker  your land or commercial buildings in Phoenix / Scottsdale /Maricopa County  / Pinal County / Arizona.

http://walter-unger.com/i-am-actively-looking-to-build-relationships-with-real-estate-investors-and-owner-users-to-broker-your-land-or-commercial-buildings-in-phoenix-scottsdale-maricopa-county-pinal-c/

 

3

Phoenix projected as number one US housing market for 2017

http://walter-unger.com/phoenix-projected-as-number-one-us-housing-market-for-2017/

4.

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience                                                                                                                         

http://walter-unger.com/i-have-the-knowledge-and-experience-to-provide-the-best-service-to-your-clients/

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Click here to View My Listings and Profile

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Click here to find out what is a CCIM:

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Click here to view my website:

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Click her to join my mailing list :      

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Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

1

Timeline of Phoenix, Arizona history

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

2

Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

3

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.

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walterunger@ccim.net

1-520-975-5207

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Check out my professional profile and connect with me on LinkedIn.

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  1. Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

 

  1. Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

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)

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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. 

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Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

 

www.Walter-Unger.com

 

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

walterunger@ccim.net

www.Walter-Unger.com    

www.KLCommercialGroup.com

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