said those deals accounted for about 40% of the 25 largest office lease signings going back to 2019, CoStar found.At the end of the third quarter of 2022, the Valley had more than 7.2 million square feet of sublease space on the market. With a 424% increase from the third quarter of 2019 — Phoenix topped the list of 30 markets. Before the pandemic, .
Click through the slideshow below to see the U.S. metro markets with the biggest gains in office sublease space: Some tech companies have more recently made a decision to put space back on the Valley sublease market. Space from Carvana, DoorDash, Peloton, GoDaddy, PayPal, Zillow Group Inc. , Opendoor, and Robinhood collectively account for over 1 million square feet of sublease space available, Devereux said.
Bartos said the bulk of the sublease space is largely on the market in Phoenix because a lot of it isn't functional. The space left by tech companies, however, could be a sought-after commodity. "The positive is, 99% of the time, tech is the leader in creative build-outs," Bartos said."They're thoughtful in design, aesthetics, functionality, location. If a tech company should, unfortunately, have a rift and need to put space on the market for sublease, chances are that space is going to get acquired rapidly.", which comprised of"many" corporate and technology teams and"some" operations teams.
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NCAA and Phoenix organizing committee start prepping for 2024 Final Four - Phoenix Business JournalOfficials from the NCAA, along with Arizona Gov. Doug Ducey and Phoenix Mayor Kate Gallego, unveiled the logo of the 2024 Phoenix Final Four, which will be played in Glendale at State Farm Stadium on April 6 and April 8, 2024.
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Wage growth continues in tight labor market - Phoenix Business JournalOne of employers' biggest pay headaches from 2022 is likely to stick around in 2023 — with an added degree of difficulty.
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'American manufacturing is back:' President Biden points to Arizona for manufacturing success - Phoenix Business JournalPresident Joe Biden, Taiwan Semiconductor Manufacturing Co.'s founder Morris Chang and Apple CEO Tim Cook were among the high-profile officials and companies that attended the Asian chipmaker's ceremony in Phoenix where the company unveiled plans to significantly bulk up the project. Spread across multiple factories, the complex could eventually exceed 5 million square feet in size.
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Paradise Valley 34 on PropertyShark's 100 priciest ZIPS - Phoenix Business JournalOne lone Arizona ZIP code made PropertyShark's top 100 priciest ZIP codes in the nation — but its median sale price of 2022 is nothing compared to the city that took the No. 1 spot. Here's what real estate insiders have to say about Arizona's high-end home market. lol not true
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