The Phoenix Commercial Real Estate market is characterized by diversity in style, location, use, and value. Investors from around the world are looking at Phoenix, Scottsdale, and Glendale as places to find upside value in a stable climate and a diversified job market. Since Phoenix has no major threat of natural disasters such as hurricanes, tornadoes, floods, earthquakes, or even snow accumulation, insurance rates are lower than many other metropolitan markets. Several cities in the Valley of the Sun are aggressively pursuing new industry and jobs by providing subsidies and tax incentives for new and relocating companies entering the area.
Obviously, tourism is a major industry in Phoenix. We easy access to all parts of the valley from centrally-located Phoenix Sky Harbor Airport, tourists and convention attendees are eager to make the city of 300 days of sunshine their next destination. With golf courses, hiking trails, mountains, and luxury hotel and condominium resorts in almost every part of the valley, service businesses thrive year round. Restaurants, sporting goods stores, vehicle dealerships, major upscale shopping malls, neighborhood strip centers, office buildings, industrial warehouses, manufacturing plants, hospitals, clinics, industrial condos and flex spaces can be found in every part of this expansive family-friendly metroplex from Goodyear, Surprise, Sun City, Peoria, and Glendale in the west valley to Scottsdale in the northeast, to Tempe, Mesa, Gilbert, and Chandler in the East Valley.
Multifamily housing can be found for every commercial investment strategy from luxury condominium complexes to government-subsidized, low-income housing projects. Due to the current crisis in single-family housing foreclosures and short sales, many families are having to consider apartment living as their best option for the foreseeable future. New family-oriented apartment complexes are being built to accommodate this increased demand. Other investors are finding bargains in buying blocks of unsold residential properties from builders or banks who need an immediate inflow of cash.
Whether you are a seasoned investor with specific goals and property types or portfolios in mind or an entrepreneur looking to get started in the commercial investment field, give me a call to begin planning a strategy for your next commercial acquisition. If you are a current business owner or preparing to start a new business venture, I would be glad to advise you and direct you to the best resources available to assist in creating or revising your business plan. For those looking to qualify for a commercial loan, my business associates are available to direct you to the best sources for your specific investment needs and help you understand the requirements and process of obtaining a commercial loan. From SBA loans to private investor funds, our sources have answers to your questions.
Commercial Leasing in Phoenix Metro
Commercial leasing is seeing some great bargains on lease rates, tenant improvements, and terms including rent abatement to give time for you to get your business started before having to pay monthly rent. With the current overbuilt status of the commercial office, retail, and industrial markets in Phoenix, landlords are ready to cut deals to fill their commercial spaces. Whether you need a short-term sublease or a 3, 5, or 10 year lease, we can find the property that is right for you and your existing or start-up business situation. If you are considering downsizing or expanding, the possibilities are endless. We can find a space that meets your personal commercial requirements. If you need assistance in evaluating or renegotiating your current lease, please give me a call today.
I look forward to talking with you soon to discuss commercial real estate in Phoenix, Glendale, Scottsdale, Tempe Mesa, Peoria, Anthem, Paradise Valley, and the surrounding cities. Thanks for visiting azforsalenow.com for your commercial investment needs. Give me a call at (602) 885-8000.
Arvle Knight, Certified Commercial Sales Specialist
Possibly Related:
{ 1 comment… read it below or add one }
What is the current market value of commercial realestate available for lease in the phoenix area, around 1800-3000 sq/ft?