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Category Archives: Flex Space

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How Are the 2018 Scottsdale Airpark Office & Industrial Vacancy Rates Starting Out?

A summary breakdown of Scottsdale Office & Industrial vacancy rates trending into 2018, according to Market Trend report from Costar is as follows: The Scottsdale Airpark Total Industrial Market vacancy rate increased at the end of the first quarter with a vacancy rate of ±18.4% with net absorption totaling positive ±76,435 SF. The Industrial vacancy […]

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The ‘Instant’ Office

The ‘instant/virtual office’ and ‘co-working spaces’ are cropping up everywhere.  It is sometimes difficult to lease space when you are a new or start-up company with little or no idea of growth patterns or exact company needs.  The instant office allows a company to have all of the necessities while testing the waters. Regus and […]

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8 Reasons why Landlords Avoid Options to Renew

Many Landlords are reluctant to give tenants an Option to Renew a Commercial Lease for numerous reasons.  Such options can limit the Landlord’s flexibility far into the future. Listed below are some of the reasons why a Landlord may avoid the Option to Renew clause: Limits landlord’s ability to redevelop or release the building or […]

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Scottsdale Airpark – A Great Place to Do Business

Scottsdale Airpark is considered a great location to start a business and to raise a family.   Based on data from the City of Scottsdale, the 8. 6 square mile area, located about 9 miles north of downtown Scottsdale, contains more than 2,400 businesses with an employee number reaching more than 51,000.  It is one of […]

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Creative Work Space – Vital to the Creative Work Process

What do Phoenix, Arcadia & Scottsdale have in common?  They are areas rich in the arts and in supporting local artists.  There is a growing need for commercial space for artists, technology and marketing companies to produce, show and sell their work.  Research from different areas around the U.S. shows that creative arts are a […]

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The Rebirth of the McDowell Corridor

While doing research on commercial real estate growth in the area, I came across the following fascinating information about the McDowell Corridor. Great progress is taking place in the McDowell Corridor Area as revitalization efforts take effect.  Beginning April 15th, 2015 Businesses and residents will pay less for building permit fees in the McDowell Corridor […]

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Steps to Purchasing A Building: (Using SBA Financing)

Purchasing a new office or industrial building for your business is an exciting step in the journey of one’s company. One important consideration in purchasing  a building is the process one goes through from financing to opening and closing escrow and all the steps in between. Below is a general timeline of items to be […]

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The Versatility of FLEX Space

What is flex space? Flex space is a term used for lightly zoned buildings. It is also used when referring to industrial or office space. According to CoStar, it is “a type of building designed to be versatile, which may be used in combination with office (corporate headquarters), research and development, quasi-retail sales, and including but not […]

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