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Research & Forecast Report GREATER PHOENIX | RETAIL Q3 2018 Residential Permit Snapshot METROPOLITAN PHOENIX 2020 MAY OVERVIEW CHAZ SMITH 602 222 5150 [email protected] JOHN FINNEGAN 602 222 5152 john.fi[email protected] RAMEY PERU 602 222 5154 [email protected] This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2020. All rights reserved. Permitting Single Family Colliers International | Arizona 2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016 +1 602 222 5000 colliers.com/arizona The employment-to-permit ratio (E/P) looks at how well supply is keeping up with demand. Equilibrium = 1.2, meaning for every 1.2 jobs added, there’s 1 permit issued. 5.1 High 2011 -2.9* Current May-20 -18.0 Low (from 2000) 1,333 Avg (2010-YTD) 1,757 Current May-20 (YTD) -12.9% YOY 379 Trough (from 2010) Monthly 24,943 Peak (from 2010) 414 Trough (from 2010) Yearly IndexE/P Ratio 2,051 Peak (from 2010) 515 Avg (2010-YTD) 547 Current Apr-20 (YTD) -50.2% YOY 0 Trough (from 2010) Monthly Permitting Multifamily (5+) Current count /average 11,009 Current May-20 (YTD) +8.4% YOY 9,633 Peak (from 2010) 0 Trough (from 2010) Yearly 5,574 Current May-20 (YTD) +68.0% YOY 3,099 Avg (2010-YTD) Cooke Multifamily Arizona LandSource Team with Colliers International COOKETEAM.COM *Covid-19 Impact 2,625 Peak (from 2010) 8,451 Avg (2010-YTD)

GREATER PHOENIX | RETAIL METROPOLITAN PHOENIX 2020€¦ · Forecast Report GREATER PHOENIX | RETAIL Q3 2018 1 North American Research & Forecast Report | Q4 2014 | Office Market Outlook

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Page 1: GREATER PHOENIX | RETAIL METROPOLITAN PHOENIX 2020€¦ · Forecast Report GREATER PHOENIX | RETAIL Q3 2018 1 North American Research & Forecast Report | Q4 2014 | Office Market Outlook

Research & Forecast Report

GREATER PHOENIX | RETAILQ3 2018

1 North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International

Residential Permit Snapshot

METROPOLITAN PHOENIX 2020MAY OVERVIEW

CHAZ SMITH602 222 [email protected]

JOHN FINNEGAN602 222 [email protected]

RAMEY PERU602 222 [email protected]

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2020. All rights reserved.

PermittingSingle Family

Colliers International | Arizona2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016+1 602 222 5000colliers.com/arizona

The employment-to-permit ratio (E/P) looks at how well supply is keeping up with demand.Equilibrium = 1.2, meaning for every 1.2 jobs added, there’s 1 permit issued.

5.1High 2011

-2.9*Current May-20

-18.0Low (from 2000)

1,333Avg (2010-YTD)

1,757Current May-20 (YTD)

-12.9% YOY

379Trough (from 2010)

Monthly

24,943Peak (from 2010)

414Trough (from 2010)

Yearly

IndexE/P Ratio

2,051Peak (from 2010)

515Avg (2010-YTD)

547Current Apr-20 (YTD)

-50.2% YOY

0Trough (from 2010)

Monthly

PermittingMultifamily (5+)

Current count /average

11,009Current May-20 (YTD)

+8.4% YOY

9,633Peak (from 2010)

0Trough (from 2010)

Yearly

5,574Current May-20 (YTD)

+68.0% YOY

3,099Avg (2010-YTD)

Cooke Multifamily Arizona LandSource Team with Colliers International COOKETEAM.COM

*Covid-19 Impact

2,625Peak (from 2010)

8,451Avg (2010-YTD)

Page 2: GREATER PHOENIX | RETAIL METROPOLITAN PHOENIX 2020€¦ · Forecast Report GREATER PHOENIX | RETAIL Q3 2018 1 North American Research & Forecast Report | Q4 2014 | Office Market Outlook

Research & Forecast Report

GREATER PHOENIX | RETAILQ3 2018

2 North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International

Residential Permit Snapshot

METROPOLITAN PHOENIX 2020MAY OVERVIEW

RAMEY PERU602 222 [email protected]

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2020. All rights reserved.

Colliers International | Arizona 2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016 +1 602 222 5000 colliers.com/arizona

SF Permits MF Permits

12-Month Trailing PermitsMultifamily (5+)

11,889Current May-20

+68.9% YOY

12-Month Trailing PermitsSingle Family

25,798Current May-20

+6.9% YOY

12-Month Trailing PermitsCombined (SF/MF)

37,687Current May-20

+20.9% YOY

0

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Phoenix MSA Annual Residential Permits

(1990 - 2019)

SF P ermits MF Permits

COOKETEAM.COMCooke Multifamily Arizona LandSource Team with Colliers International

CHAZ SMITH602 222 [email protected]

JOHN FINNEGAN602 222 [email protected]

Page 3: GREATER PHOENIX | RETAIL METROPOLITAN PHOENIX 2020€¦ · Forecast Report GREATER PHOENIX | RETAIL Q3 2018 1 North American Research & Forecast Report | Q4 2014 | Office Market Outlook

Research & Forecast Report

GREATER PHOENIX | RETAILQ3 2018

Residential Permit Multifamily Land Pricing Trends

METROPOLITAN PHOENIX 2020MAY OVERVIEW

John F inneganSenior Vice President

CHAZ SMITHSenior Vice President

Ramey PeruVice President

C INDY COOKESenior Executive Vice President

BRAD COOKEExecutive Vice President

mat t roachAssociate Vice President

CHR IS roachAssociate Vice President

LAND TEAM MULTIFAMILY TEAM

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2020. All rights reserved.