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2200 E. Camelback Road, Suite 101
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Archive for October, 2011

The Commercial Retail Boom

Monday, October 31st, 2011

As reported by Max Jarman from the Arizona Republic, commercial real estate isn’t just limited to office space. It also includes retail space, which has recently experienced a small but certain building boom in Phoenix, which can be attributed to prime AZ commercial lease bargains and opportunities for expansion. Unlike other expansions, which found business owners setting up shop in new-growth areas, the current movement is filling up established high-traffic locations with the intent of increasing overall visibility for these new businesses.

This redevelopment trend was slow to take hold in the metropolitan Phoenix area, but with real estate prices and lease rates becoming affordable for more businesses, relocating to an area with high customer traffic has become a possibility. Some of the areas of Phoenix experiencing the highest sites of AZ commercial lease interest include the Metrocenter and McDowell Road. Let’s take a look at some of the specifics about this movement.

Seventh Ave and McDowell Road

This commercial destination is home to amazing historic buildings which play into the area’s 1920s charm. New developments in this location include an old antique mall being transformed into a modern shopping center, and a number of new restaurants which have already experienced promising attention. These successes have prompted development groups to look into more opportunities for expansion, which is an excellent sign for the progress of Phoenix thanks to the inevitable profusion of new jobs and commerce. Other developments include the renovation of a historic building so that it can be used as an antique mall.

Metrocenter

The Phoenix Metrocenter has had some ups-and-downs over the past few years, but its image is beginning to change as more businesses begin to set up shop in this high-traffic location. Due to its freeway access and proximity to high-density residential areas and employment centers, the Metrocenter has experienced the recognition of its potential in the form of several new restaurants opening in the past few months. The strong demographics of the area are expected to continue to inspire businesses to make the move to Phoenix as part of a successful AZ commercial lease.

Camroad Properties

Make the most of Phoenix’s new image by learning more about AZ commercial lease today. The professional staff at Camroad Properties are more than happy to answer your questions about commercial office space opportunities in the heart of one of Arizona’s most desirable business locations. Contact a representative for more information!

Today’s Office Trends

Monday, October 31st, 2011

Times are changing for businesses, and Tempe offices are starting to reflect this fact. A new trend in office spaces stems from the desire for business owners to streamline overall productivity. The traditional image of rows upon rows of gray cubicles is shifting to favor dynamic, fluid workplaces which encourage communication and creativity, and office spaces throughout Arizona are beginning to reflect this trend. Here, we’ll take a look at the reasons behind this shift and how you can incorporate it into your own office space.

A New Workplace

Partly due to the economic strain the recent recession placed on many businesses, the desire to reduce costs and encourage productivity has changed the way companies use space. While the open-space-and-free-food set-up of a company like Google or Pixar isn’t practical for most businesses, maximizing space through efficient planning has taken on an entirely new sense of significance for modern companies. “Do they need an 8×10 foot work station, or is a 6×8 foot with the right storage and right counter space enough?” said Eric Rymshaw, owner of Fury Design in Philadelphia.

Some of the ways businesses are embracing this space-saving approach is by incorporating spaces designed for collaboration within Tempe offices. For instance, companies are now interested in opening up areas where employees who “share common tasks, projects, and goals can come together and work together in a space designed for team work,” writes Sally Chavez  from AZRE Magazine. This development marks a true change in Tempe office space perception from the individualized workspace to people space.

Another change that has arisen as a part of this trend: the growing acceptance of the remote workplace. With Internet and other mobile technologies making it easier than ever to work from home and on the road, employees are being given the opportunity to better balance work and life while also working to reduce real estate costs. Due to this shift, physical office spaces are better able to be used as part of a collaborative workspace instead of an individual cubicle, furthering this overall change in office space perception.

Within Your Office

For individuals who are interested in embracing this trend, there are a few ways to incorporate a collaborative workspace. Simple measures like moving desks around to open up space within an office can encourage more communication among individuals who work on similar tasks. Other options include setting up a designated space within a company’s Tempe office space for collaborations on current projects among employees. Of course, one of the best ways to maximize workspace efficiency and productivity is by communicating with other employees to see what sort of changes they would like to have implemented. Start sharing your ideas today!

     

As dedicated commercial real estate professionals, all of us at Camroad Properties pride ourselves on operating office buildings to the highest industry standards. This translates into consistently high occupancy rates, and tenant retention rates averaging over 80% in all of our Arizona commercial real estate properties. As local owner-operators, you can rely on Camroad Properties to provide the best leasing opportunities for quality office space in Phoenix, Mesa, and Tempe. Our knowledge of Arizona commercial real estate and our ability to react promptly to our clients' office space requirements is our specialty. We can customize office suites to fit any of your commercial real estate needs.
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