{"id":1004684842,"date":"2023-10-09T08:04:00","date_gmt":"2023-10-09T16:04:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004684842"},"modified":"2023-10-09T22:11:25","modified_gmt":"2023-10-10T06:11:25","slug":"industrious-grows-phoenix-area-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/","title":{"rendered":"Industrious Grows Phoenix-Area Footprint"},"content":{"rendered":"
\"Kierland<\/a>

Kierland Commons last traded in 2011 for $103.5 million. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Industrious <\/strong>has opened a new 27,263-square-foot coworking space in Scottsdale, Ariz.<\/a> The firm occupies the space at Kierland Commons, a mixed-use building owned by Macerich<\/strong>. This marks the flex office provider\u2019s sixth location in the state and the third in Scottsdale.<\/p>\n

The space encompasses 95 offices featuring 414 desks, along with three suites and more than 10 conference rooms. Amenities at the location include a wellness room, 24\/7 access, unlimited color printing and weekly happy hours.<\/p>\n

Rising eight stories, the LEED Silver-certified building spans 466,700 square feet, including 342,488 square feet of retail space and 84 residential units. Macerich acquired it in 2011 for $103.5 million, according to CommercialEdge data. In 2017, it became subject to a $225 million loan from Northwestern Mutual<\/strong>, the same source shows. Tenants at the property include various retail firms and medical office companies.<\/p>\n

Phoenix’s flexible office market<\/h2>\n

Located at 15051 N. Kierland Blvd., Kierland Commons is roughly 10 miles north of downtown Scottsdale and some 20 miles from Phoenix. Situated within a walkable area, the building is also less than 2 miles from Scottsdale Airport.<\/p>\n

In a recent interview<\/a>, Industrious CEO & Co-Founder Jamie Hodari told Commercial Property Executive <\/em>that mixed-use neighborhoods are typically the best markets for coworking locations. He added that the company’s current strategy may push the flex office provider towards non-traditional office submarkets.<\/p>\n

As of July, Greater Phoenix had approximately 2.3 million square feet of coworking space, accounting for 1.5 percent of the total rentable office space, according to a recent CommercialEdge market update<\/a>. Industrious was the third largest flex office provider in the metro, with 139,800 square feet in its operational inventory, behind WeWork and Regus, the same source shows.<\/p>\n","protected":false},"excerpt":{"rendered":"

The space represents the company’s third Scottsdale location.<\/p>\n","protected":false},"author":3120,"featured_media":1004684843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,21742,1601,15],"tags":[33383,32958,37376],"class_list":["post-1004684842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-latest","category-phoenix","category-west","tag-industrious","tag-macerich","tag-northwestern-mutual"],"acf":[],"yoast_head":"\nIndustrious Grows Phoenix-Area Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Industrious opened a new 27,263-square-foot coworking space in Scottsdale, Ariz., at the Macerich-owned Kierland Commons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrious Grows Phoenix-Area Footprint\" \/>\n<meta property=\"og:description\" content=\"Industrious opened a new 27,263-square-foot coworking space in Scottsdale, Ariz., at the Macerich-owned Kierland Commons.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T16:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-10T06:11:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Kierland-Commons-e1696497342930.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/\",\"name\":\"Industrious Grows Phoenix-Area Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Kierland-Commons-e1696497342930.jpg\",\"datePublished\":\"2023-10-09T16:04:00+00:00\",\"dateModified\":\"2023-10-10T06:11:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Industrious opened a new 27,263-square-foot coworking space in Scottsdale, Ariz., at the Macerich-owned Kierland Commons.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-grows-phoenix-area-footprint\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Kierland-Commons-e1696497342930.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Kierland-Commons-e1696497342930.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Kierland Commons last traded in 2011 for $103.5 million. 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