If you need assistance, please call 480-365-8346

Editor's pick: Suburbs rule for new office complexes

Monday, November 25, 2019   /   by Juan Grimaldo

Editor's pick: Suburbs rule for new office complexes


Screen Shot 2019-11-25 at 3.02.37 PM.png
Rivulon, a 250-acre mixed-use project being developed by Nationwide Realty Investors in Gilbert, has become a draw for some big-name companies..

PROVIDED BY NATIONWIDE REALTY INVESTORS

When it comes to new office campuses, the suburbs are king.

This past week, the New York Times highlighted the trend as companies around the country seem to be building all-inclusive campuses not in urban cores, but in the suburbs.

That shouldn’t come as a surprise in Phoenix, where the hottest office market is Tempe.

Granted, with Arizona State University and Tempe Town Lake, that part of the region is become like a second urban core. But looking at where many of these office complexes are going, many companies including JPMorgan Chase & Co., Deloitte and Allstate Insurance are consolidating their operations in the suburbs.

Years ago, the suburbs were the big draw. Building there put companies closer to their potential employees. Nowadays, with younger generations citing quality of life and seeking a company that offers plenty of amenities, the suburbs have some things to offer.

As our Nov. 15 cover story detailed, as much movement has come into downtown Phoenix, the vacancy rates haven’t changed much. It’s because some big names are trying their luck elsewhere in the Valley.

*By Patrick O'Grady-  Managing Editor, Phoenix Business Journal
New Photo Cut out Juan Grimaldo_0022.png Juan Grimaldo 480-365-8346

Keller Williams Realty Professional Partners - The Grimaldo Group
Juan Grimaldo
7025 West Bell Road #10
Glendale, AZ 85308
480-365-8346

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 26, 2020
This site powered by CINC: www.cincpro.com