Following a downturn in Q1 2022, Phoenix posted an additional 847,817 sq. ft. of negative net absorption in Q2. Vacancy rates increased quarter-over-quarter from 20.1% to 20.6%.
Our office builds real advantage for clients by offering the most integrated array of portfolio services available
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CBRE Phoenix has served the Valley since 1952, becoming an industry leader in the dynamic Phoenix commercial real estate market. Over the past six decades, we’ve earned a reputation as a leader in the local community through our ability to anticipate critical market trends and establish lasting relationships with our clients and business partners.
Our office builds real advantage for clients by offering the most integrated array of portfolio services available. Our experienced sales professionals are able to leverage these integrated services to flawlessly perform strategic planning, negotiate complex lease agreements and streamline design and construction.
Our approach is strategic rather than merely transactional. We take care to assess a client's real estate portfolio requirements on a company-wide scale, then apply our findings to deliver results that surpass expectations.
CBRE Opens State of the Art Workplace360 Office in Phoenix
CBRE announced the opening of its new state-of-the-art office at the mixed-use campus The Esplanade in Phoenix. The new office is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to workplace strategy designed to promote flexibility, mobility and productivity through technology-enabled, 100 percent free-address and paperless offices. The Phoenix office is CBRE’s largest Workplace360 office in the world, at 75,000 square feet.
In the free-address space, employees are no longer tethered to assigned desks or cubicles, but instead can choose from a variety of collaborative and private work settings that align with their changing needs throughout the day. Set up for plug-and-play, work stations are equipped with dual monitors and “follow-me” phones, and employees can adjust the height of the workstation to sit or stand with a touch of a button. The office is also outfitted with technology that allows employees to share and access files from home, a coffee shop or anywhere in the world.
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The Greater Phoenix Tech Story
Greater Phoenix is an emerging tech market. The region is sought after for its talent.
Press Releases
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Phoenix ranks #16 overall in CBRE’s 2022 Scoring Tech Talent report as North American tech-talent employment bounced back from the pandemic to post job gains across most top markets in 2021, though the industry’s resilience will be tested again amid economic turmoil in 2022, according to a new report from CBRE.
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CBRE announced the hiring of Spencer Nast as Vice President to join its market-leading office leasing division in Phoenix. He will be partnering with Bryan Taute and Charlie von Arentschildt.
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Press Release
KB Investment Development Acquires 280-Unit Apartment Property in Central Phoenix – CBRE
CBRE facilitated the sale of Green Leaf Arts District, a 280-unit apartment property in Phoenix, to KB Investment Development for an undisclosed sum.
Research Reports
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An in-depth look at the Phoenix Metro office market in Q2 2022.
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The Phoenix industrial market is on pace to surpass a record-breaking 2021. In the second quarter of 2022, vacancy set a new low for the Valley at 2.8%. Leasing activity remains ex
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2022
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2022 U.S. Real Estate Market Outlook
Despite uncertainty from the omicron variant and other risks, a growing economy will fuel demand for space and increase real estate investment across all property types. Explore CBRE’s outlook for 2022.
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