Research

Phoenix office insight - Q2 2018

Construction costs have increased over 20 percent in the last year due to rising labor costs and a significant increase in material costs. Even with these higher costs, the metro continues to show strong growth, justifying why both local and national developers still have Phoenix as one of their top choices. Healthy demand and costlier new product have pushed overall asking rents up to a higher level than ever before. Rising costs have tenant improvement allowances on the rise, a trend expected to continue in the coming quarters.

Fill out this form to download report

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.