The 6th largest and 48th most populous state - Arizona occupies the southwestern part of the US. With the annual GSP exceeding $259 billion (according to the latest data), the region has a broader economy than, e.g., Finland, Ireland, and New Zealand. Per-head income ranks 38th in the country and equals almost $41 thousand. Business is booming, making Arizona’s commercial real estate market flourish with possibilities. The majority of venues available for lease are concentrated in the capital city of the state - Phoenix. Yet, the other highly-populated and well-connected cities boast a range of commercial properties for rent. These areas of Arizona draw tenants interested in the development of logistics, technologies, healthcare, ICT, tourism, and a range of other spheres. Furthermore, thanks to the excellent soil, and plenty of irrigation water, the state remains one of the country’s largest agricultural centers. The administrative sector is also one of the top employers in the area. Commercial real estate listings in Arizona include large-scale serviced offices situated in dense business areas, shops in famous retail trade zones, highly-visible industrial parks, hospitality properties, etc. On top of that, there is a possibility to get land for business use and maintain different operations in different parts of the state. AZ’s commercial real estate for lease is very often flexible and, thus, regarded as an affordable one. The rental fees start at about $0,5 per sq.ft. per month and can reach the point of $3, respectively. Find your ideal venue, be it a Class A or B one, single or multi-tenant solution, at MatchOffice. Contact the landlord directly to sign a deal. Arizona’s commercial real estate market is attractive for investment and development, while it literally has everything. The industry is healthy in the region; a simplified tax system creates a pro-economic environment and makes the process of running a business more manageable and the costs lower. The state’s economy is getting a boost from becoming a place of the establishment of big and small companies.
