Chandler, AZ is located in the Southeast part of the Phoenix Metro area. It is a continuously growing community of over 245,000 (October 2014) and is quickly making it’s name as a hip and trendy market for commercial real estate. Over the years, Chandler commercial real estate has morphed into a market with an ever increasing high-tech presence.
Chandler commercial real estate is seeing continued growth in office and industrial developments with new projects such as Chandler 101 with almost 500,000 square feet of mid-rise office buildings, the recently completed Park Tower with a 5-story, 216,000 square foot Class A office facility, and Chandler Midway Corporate Center with 110,000 square feet of office space for lease.
Chandler is quickly becoming a high tech hub where many major employers have built large facilities, including Intel, Orbital Sciences, Avnet, Microchip Technologies and Freescale Semiconductor. These companies have brought over 17,000 jobs into the Chandler economy in the recent past. As with many communities with a large tech presence, Chandler is attracting a new workforce. For Generation Y and Millennials, having a “cool” place to work is important and is almost more attractive than salary and is changing the way that new office buildings in the area are being designed. Companies that create a trendy and high tech work environment set themselves apart and are attracting a younger workforce. There is also a trend in creating offices with a more open workspace, which is thought to create a more collaborative work environment. An article by Kristena Hansen in the Phoenix Business Journal says, “We are seeing less private offices and more open space for collaboration, while open ceilings, stained concrete floors are becoming more important to the tenant base.”
To take advantage of the dynamic and consistenly growing Chandler commercial real estate market, contact Menlo Group Commercial Real Estate. We can help you navigate commercial real estate in this exciting area!