Esplanade campus sale was Valley's largest office building sale of 2022 - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

North Scottsdale and Camelback Corridor were the target submarkets for some of the largest deals of the years. Those two were, respectively, the strongest submarkets in terms of net absorption over a 12-month span, according to CoStar Group Inc.

Several out-of-state investors acquired office buildings in Phoenix throughout 2022 when some huge deals were consummated.

"Landlords are realizing that this area is one where the office employers have continued to want to be," CBRE Group Inc.'spreviously said of Camelback Corridor."As employers become more challenged with bringing people to the office, they're also looking at being at best-of-the-best locations. ...

Brokers and companies say employee wants have to be top of mind to recruit, retain and get the best out of their workforce in this post-Covid world. And despite rising rents, the costs of labor turnover often outweigh the price of companies' real estate, allowing firms some leeway to lease quality spaces in prime Valley submarkets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

(Ad) Introducing the Digital LED Cake Topper. Good for birthdays, anniversaries, and new year's. Numbers 0-9 are user selectable and are displayed via 64 flickering, bright, neon green LEDs. Click below:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The top luxury Phoenix-area home sales of 2022 - Phoenix Business JournalWhile the overall housing market cooled in 2022, luxury sales remained strong. Click through to see images of the two mansions that sold for the highest prices this year, plus a slideshow of the top 10 luxury homes that sold this year, including buyers and sellers.
Source: phxbizjournal - 🏆 254. / 63 Read more »

City of Phoenix approves development agreement for potential office project in Valley - Phoenix Business JournalThe city approved a development agreement for up to $5 million in public infrastructure reimbursements for an unknown company.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Virginia G. Piper Charitable Trust names class of 2022 fellows - Phoenix Business JournalThe 12 members of the new class will be able to participate in what the Piper Foundation describes as self-designed professional development sabbaticals.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Phoenix’s top hotel sales of 2022 - Phoenix Business JournalAfter a few rough years, Phoenix’s hospitality market saw an overall positive year in 2022, which caught the eye of several investors. Click through to see the top five hotel sales from the year.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Report shows demand remains high for tech workers in Phoenix - Phoenix Business JournalIf you are a tech worker looking for a new gig or thinking of changing jobs in the Phoenix metro, you're in luck. Job demand is growing.
Source: phxbizjournal - 🏆 254. / 63 Read more »