The Best Commercial Real Estate Value in the Valley: “Class A” Amenities at “Class B” RATES

Camroad Properties, LLC
2200 E. Camelback Road, Suite 101
Phoenix, AZ 85016 ( map )

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Arizona Commercial Real Estate for Lease
 
     
   
 

Entrepreneurism in AZ

Phoenix commercial office spaces

In 2011, Arizona had the highest rate of entrepreneurial ventures compared to any other state in the country, according to CNN Money. While fewer Americans started their own businesses nationwide, 520 out of every 100,000 adults in Arizona had startup businesses that needed an office for rent. Phoenix alone ranks third in the country for entrepreneurs per 1,000 people and is home to nearly a dozen business incubators and accelerators. Here’s why:

1. Low business and property taxes: Arizona’s business and property tax rates are relatively low compared to nearby states. Its corporate income tax rate is 6.97 percent compared to California’s rate of 8.84 percent. It ranks 6th in most business-friendly state property tax rankings and has one of the nation’s lowest combined state and local tax burdens for those looking for an office to rent. Phoenix and Mesa have among the lowest property tax obligations in the nation, according to the Phoenix Business Journal.

2. Low workers’ compensation costs: Arizona is considered to be one of the most cost-effective states for purchasing a workers’ compensation policy. Arizona ranked 38th in average premium rates, making it the 13th cheapest state in the country according to a recent study.

3. Highly educated labor pool: With schools like Arizona State University and the University of Arizona nearby, there is no shortage in the labor force of young graduates, especially in the fields of business, science and technology. At ASU alone, there are 11,000 students enrolled in any of 110 entrepreneurship courses.

Entrepreneurism is the future; new start-ups and original ideas are cropping up every day that will change the business landscape of tomorrow. With so many incentives for entrepreneurs, operational costs 40 percent lower than in California, and more than 300 days of sunshine, it’s no wonder so many entrepreneurs are in the market for a Phoenix commercial office.

To read even more tips for your office workspace or take a look at our Tempe offices, Mesa offices or Phoenix commercial office locations, visit us at www.camroadproperties.com!
 

Written by: David Robles
Image by: ASU Provost Comm Group

     

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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Arizona Commercial Real Estate, Office Space, and Properties available for rent in Phoenix, Tempe and Mesa.
Camroad Properties, LLC. , 2200 E. Camelback Rd. Suite 101, Phoenix, AZ 85016
Phone 602.956.2200, Fax 602.956.1503

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