If you’re looking to thrive in a booming market, head down to Phoenix, Arizona. Without fail, Phoenix annually ranks among the best places to grow and start a business by reputable publications due to its economic climate, low costs, skilled workforce, and a slew of other factors. In short, this city hosts the factors and figures you need to succeed as a business.
As reported by Entrepreneur Magazine, key Western states are experiencing an influx of young entrepreneurial minds looking for new business opportunities. This is seen in particular with California, where the Golden State’s lucrative real estate market is causing more and more “house-rich” business owners to cash out and relocate to more affordable locations. And where are these entrepreneurs headed? To cities with some combination of a skilled workforce, affordable home prices, and a business-friendly economic climate – factors which describe Phoenix perfectly.
As the capital of Arizona, Phoenix is the 5th largest city in the country. However, as reported by the American Legislative Exchange Council, it’s 2nd in the nation from an economical standpoint due to the city’s “low income taxes, no estate tax, low workers’ compensation costs and its ‘right-to-work’ status.” Phoenix also boasts low commercial rents and housing prices, plus an armada of skilled workers from technology powerhouses and other major markets. These factors translate into less overhead and more cash flow for you as a business owner. Phoenix receptivity to providing assistance for growing businesses results in an easier start-up for budding entrepreneurs. For instance, their EXPAND (Expansion Assistance and Development) program helps Phoenix businesses obtain loans and provides additional collateral with no limit to the loan amount.
Without a doubt, loving where you work makes a morning commute a lot more manageable. Phoenix’s relaxed, sunny, and active environment is definitely a source of comfort. There are parks, hiking trails, theaters, golf courses, urban and suburban areas, museums, city history – a little bit of everything spread out over a beautiful desert landscape. Are you ready to experience Phoenix? The next step is to check out Phoenix offices for your business. Here’s where Camroad Properties can help.
With properties situated in the very desirable Camelback Corridor, our office space in Phoenix is located in one of the best locations in Arizona. Surrounded by shops, entertainment amenities, and upscale restaurants all within a 30-minute radius, our properties are based on the idea that your satisfaction as a tenant is our highest priority. Our high occupancy rates alone prove that a commercial lease in Phoenix is best done through our dedicated commercial real estate professionals.
Contact Camroad today for your Phoenix office space needs at 602.956.2200.