The Scottsdale Airpark is on fire—and it is rapidly exceeding the industries expectations. According to the latest forecast report from Colliers International , the Airpark has 59, employees, more than 43 million square feet of rentable space and 3, companies—and it still has runway left to grow. This is incredible growth since the original report in the s, when the market has only 1. Technology and tech companies have fueled the submarket growth and helped to boost density and redevelopment activity. When Technology began to emerge in , these newer building occupancies grew to employees with increased parking capacity.
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There were also 2, companies in the area last year. The annual report, compiled by Jim Keeley, founding partner of Colliers' Scottsdale office, also shows significant improvement in vacancy rates, land sales and property values over the past several years. Colliers is among the real-estate firms that broker deals in the Airpark and other parts of the Valley. A city proposal to add trolley service in the Airpark would help, but Keeley would like to see light rail come up through Scottsdale from the south. A new transportation plan up for City Council consideration this year includes three potential rail routes through Scottsdale, including two that would end near Scottsdale Fashion Square mall. Taser International maintains its main offices 2 miles to the northeast, and New Zealand-based Orion Health picked the Scottsdale Airpark in for its North American headquarters and about jobs. In all, there are business categories represented within the Airpark, ranging from aerospace to hospitality, according to Colliers.
Scottsdale Airpark booming with urban life, 55,000 jobs
Times Media Group is the largest family of free publications in the state of Arizona. It became the highest-circulated family of free-distribution features publications in the state of Arizona. In , Times Media Group acquired the publication Lovin' Life After 50 , a senior active adult publication founded in In , the Group acquired Scottsdale Airpark News , a business-to-business publication founded in
Construction is slated to begin in late spring and will be phased to minimize impacts on airport users. Some night runway closures will be required. Taxiway B was originally built in the late s and last upgraded in