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Signing a commercial lease in Arizona is can be a big responsibility. Your business can experience huge amounts of success when leasing the right Arizona offices. In turn that makes is important for you to sign a commercial lease in Arizona that will benefit your business. In order for you to sign the best commercial lease Arizona offices can offer you, it is important for you to be knowledgeable on the subject. Below are five terms you should know before signing a commercial lease for Arizona offices.
1. Rent Clause
This is important to understand fully about your commercial lease in Arizona. It will explain the amount agreed upon in the commercial lease and will be expected at each scheduled pay date. Rent clauses can include information about increases or deductions, operating costs and issue procedures.
2. Description of the Premises Clause
The premises clause will explain the actual space of your Arizona offices. This clause will explain which portions of the building you will be renting. Also in this clause may be information regarding access. “Access” refers to the ease of you, your employees and your customers accessing your location.
3. Parties Clause
The parties clause should be straight forward and list the parties involved in the commercial lease agreement. All parties involved should be accurately listed.
4. Term Clause
A term clause will explain the length of the commercial lease agreement. The start and end dates of your commercial lease need to be clearly defined. It will explain whether the lease begins on the signing date or on another specified date.
5. Use and Exclusives Clauses
Use clauses explain how your Arizona offices can be used. Exclusive clauses on the other hand are meant to protect you. They are meant to ensure competitors do not rent the space next to you. Meaning, an exclusive clause of one tenant becomes the use clause of another tenant.
For more information, contact a representative at Camroad Properties today!
Posted in News & Updates |
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!
Posted in News & Updates |
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!
Posted in News & Updates |
The Memphis Business Journal recently ranked Arizona as 18th nationally for the number of LEED-certified commercial spaces in the state. The term “LEED” stands for Leadership in Energy and Environmental Design; as stated by Phoenix Business Journal reporter Jan Buchholz, the LEED system “rates the energy conservation and sustainability of various kinds of properties and developments.” With this recognition in mind, Arizona commercial property for lease can pride itself in being identified as a leader in innovative environmental and energy design.
More on LEED
The United States Green Building Council has certified 8,776 LEED-qualified Arizona commercial property for lease, with 183 spaces being located in Arizona alone. Some of the larger buildings recognized by the Council include the Arizona Biodesign Institute in Tempe, the Applied Research and Development facility in Flagstaff, and the Rio Salado Audobon Center in Phoenix, among many other buildings throughout the state.
This news comes as a great follow-up to a similar ranking given to Phoenix last month, which placed the city’s metro area as one of the top 10 most sustainable metro areas in the nation. Compiled by Site Selection magazine in its “Green Guide 2011,” Phoenix’s selection was based on the size of its green industry, including projects certified by the U.S. Green Building Council’s LLED program and incentives to support green projects. Arizona commercial property for lease stands to benefit from these forms of recognition because they spur research into forms of sustainable energy and design.
The Green Effect
Working towards sustainable Arizona commercial property for lease is not just a great move to preserve the environment – it is also a smart business move because sustainable energy is well on its way to becoming cheaper than traditional options. For example, Arizona’s near-perpetual state of sunshine has created a thriving solar power industry, with countless homes and businesses adopting this alternative energy in favor of gas or electric options. Alongside green Arizona commercial property for lease options is the opportunity to turn the state into a national leader for the sustainable movement, which many experts speculate could help create more jobs and revitalize our recovering economy.
From a residential standpoint, Arizona is already making headway in producing homes that exceed the green standard; for example, Paradise Valley was the site of the first LEED-certified custom home, Zona Verde. Moving forward, industry experts believe that residential and commercial properties alike will stand to benefit from the sustainable movement substantially. Time will tell, but why not secure your spot with Arizona commercial property for lease today?
Posted in News & Updates |
A major landowner in a Seattle, Washington neighborhood has plans to develop an ultra environmentally-friendly office building. This revolutionary effort is part of a nationwide movement to convert businesses and office spaces into more energy-efficient places of work. If this building sees success, then its design plans could very well find its ways into other metropolitan areas like the office space rental Phoenix, Arizona boasts.
Seattle Specifics
The proposed building encompasses 120,000 square feet and stands at five stories tall, with its environmental edge coming from Seattle’s “living building” challenge. According to this challenge, buildings must meet at least 60% of the city’s criteria for a living building, which includes being 75% more energy efficient, reducing water usage by 75%, and reducing storm water by 50%. Despite the energy-efficient promise stemming from the building’s plans, the fact remains that maintaining a full “living building” brings with it a high expense, which can dissuade tenants from paying higher rates. Lisa Pickard, who is overseeing the project, wants to counter the expense by creating a “building that tenants can pay market rate to be in while achieving the living building challenge.”
This type of workplace would be a far cry from the office space rental Phoenix is accustomed to, particularly since it would give tenants more access to light, air, and increased energy efficiency. In the long run, and with the appropriate measures taken to keep costs at a reasonable price, hopes are high that sustainable buildings will find their way into traditional metropolitan areas soon.
The Living Building Difference
Ultra-green office spaces are the latest wave in commercial real estate, and with good reason; with the right designs and technology being implemented, rental costs for tenants could very well be comparable to traditional office spaces – and in some cases, the cost might even be lower. Plus, hotspots for entrepreneurial activity like the office space rental Phoenix, Arizona boasts are prime areas to begin building “living buildings” for a number of reasons. A promising city like Phoenix is business-friendly, offers excellent amenities, and is a great attraction point for a number of businesses looking to make the move into a thriving city.
There are high hopes for green office spaces like the Seattle office, and time will tell just how well these innovative changes will be received. Rest assured, if you’re looking to settle into a city that is ready for the next big thing in office space rental Phoenix is the place to be.
Posted in News & Updates |
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