Phoenix
Commercial Real Estate
Phoenix’s Population Trends
Phoenix has ranked as one of the top cities to relocate to for years now. Recently, Arizona ranked 5th in the nation for largest inbound migration; Maricopa county, the most populated county in the state of Arizona has ranked #1 in the nation. Now, Arizona has over 7.3 Million people residing within its state lines, 4.7 Million of which, live in the metro area population of Phoenix.
Phoenix’s Commercial Real Estate Market
Even as the world has started to accept a hybrid workplace, it’s a fact of business that where the people go, the businesses go. Phoenix has become a hot spot for businesses looking to relocate and tends to rank highly among the sunbelt states for headquarters relocations. Even in this post-pandemic era, the Phoenix commercial real estate market has been booming.
When it comes to finding the right commercial real estate located in Phoenix, it’s critical to have the right commercial real estate advisor on your side to advocate for your company’s best interests. It’s commonplace in the commercial real estate industry to have conflicts of interest when the commercial real estate advisor represents both the landlord/developer and the tenant. This type of conflict results in mediation, rather than firm negotiation, and can lead to faulty representation for the tenant—as if a lawyer were to represent both a wife and husband in a divorce settlement.
As you look for commercial real estate in Phoenix, understand how conflicts of interest could negatively impact your business.
With years of expertise in the Phoenix commercial real estate market, you can feel confident that your business is getting unparalleled tenant-only representation.
To connect with a Phoenix Commercial Real Estate Broker, fill out the form below.
REAL EXAMPLES OF HOW A CONFLICT OF INTEREST COULD AFFECT YOU:
If your broker is conflicted, they might only show you properties that they, or their firm, represent. This limits your pool of available properties and you might miss out on the one that’s ideal for your business.
If your broker is conflicted, they may not be able to help you get rental relief or help you find benefits when it’s at the landlord’s expense. This could mean you’re not getting as many concessions, or they have left language in your lease agreement that is landlord friendly, rather than in your best interest.
If your broker is conflicted, they may not fight for the best financial terms for your business. Since tenants have less transaction volume than most landlords, brokers will do anything to stay in the good graces of their multi-deal landlord clients. In order to protect that high-profit relationship, they do whatever they can to get the landlord the best deal—putting your best interests in the back seat.
The Phoenix commercial real estate market moves quickly. If you’re looking for a tenant-only commercial real estate advocate™, Keyser’s team of Commercial Real Estate Brokers is here to serve.