Warehouse District becoming of great interest to Tech Companies

2017 March 3

An article on the AZtech.org website, written by Matthew Coxhead details the emergence of the Downtown Phoenix Warehouse District as a hub for Tech companies.  Of course, the Central Park neighborhood is located right on the edge of the Warehouse District, which should certainly have a positive effect on the neighborhood as some of those employees may want to live close enough to their job to walk to work.

Coxhead said “As inventory continues to tighten and rent remains at historical highs for the more traditional submarkets, Phoenix’s Warehouse District is gaining momentum as a viable alternative for technology companies. Not only does the Warehouse District provide space at a fraction of the cost of Phoenix’s other top tech locations, but it also provides an opportunity to turn obsolete warehouse space into modern, creative office product.

The Warehouse District is only a five minute walk to the Phoenix Valley Metro Light Rail and numerous retail amenities located downtown. The City of Phoenix is very focused on the success of the District, and is continuing to improve the walkability and safety of the area. The City’s preliminary efforts have already produced successful results as companies that would have previously shied away from Phoenix’s corporate downtown area have chosen to locate in the Warehouse District. These include Galvanize, WebPT, Gould Evans, Arizona State University and R&R Partners”

Read tthe entire article

 

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