Article originally published by Multi-Housing News Online
By Lucia Morosanu

Some 3.2 million square feet of office space is under construction across the metro, CommercialEdge data shows.

Phoenix has grown into an attractive alternative to the neighboring, pricier cities for many companies thanks to its business-friendly environment and plenty of space available for development. Almost 1.5 million square feet of new office space—across eight projects—came online in the first quarter of 2021, according to CommercialEdge data.

As of March, roughly 3.2 million square feet of office space was under construction across 16 properties. A significant percentage of new supply is taken up by medical office space, with the metro attracting a lot of interest from the health-care, biosciences and life sciences industries. Except for one of the largest developments underway, every project on our list is slated for delivery by year-end. The table below highlights the most significant developments under construction in the metro.

Rank Property Name Office Sq Ft Submarket Owner Anticipated Completion
1 The Grand at Papago Park Center – Grand 3 280,000 Phoenix – Papago Lincoln Property Co. Q4 2021
2 One Hundred Mill 279,500 Tempe – Mill Cousins Properties Q4 2021
3 Phoenix VA Outpatient Clinic 275,157 Phoenix – Center City US Federal Properties Q2 2022
4 Scottsdale Entrada – Office Building 250,013 Scottsdale – South Banyan Residential Q4 2021
5 Creighton University Health Sciences Campus – Building 1 183,000 Phoenix – Central Corridor Creighton University Q2 2021
6 Choice Hotels International Headquarters 160,000 Scottsdale – Airpark Nationwide Realty Investors Q4 2021
7 Allred Park Place – Building 7 150,000 Chandler Douglas Allred Q3 2021
8 Allred Park Place – Building 8 150,000 Chandler Douglas Allred Q3 2021
9 Banner Health Center 127,243 Glendale NexCore Group Q2 2021
10 HonorHealth Neuroscience Institute 120,000 Scottsdale – South HonorHealth Q2 2021

6. CHOICE HOTELS INTERNATIONAL HEADQUARTERS

Choice Hotels International Headquarters. Rendering courtesy of Nationwide Realty Investors

The 160,000-square-foot, five-story Choice Hotels International Headquarters is taking shape in the Scottsdale – Airpark submarket. The development is part of Nationwide Realty Investors’ 134-acre Cavasson mixed-use development located at Loop 101 and Hayden Road. The developer expects to complete the project in late 2021. The building will house Choice Hotels’ technology division.

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